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Strategies & Market Trends : Value Investing

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To: 249443 who wrote (13945)2/15/2002 5:42:37 PM
From: blankmind   of 78530
 
mrcj, "3/31/02" is just the date Softnet (SOFN) plans on making the announcement on a buyer - but as far as valuations - i'd like to say $13 - but i'll be happy with half that amount

total curr assets: $79.5 mill
- restricted cash & other non-curr assets: $8 mill
- total liabil: $11 mill
- shs o/s: 25.2 mill
- therefore: $76.5 mill/25.2 = $3.04/share

- then there's the $400 mill in loss carry-forwards; which at 40% federeal is equivalent to $160 mill; divided by 25.2 mill shs is $6.35/share

- then you have the broadband satellite segment which appears to be doing very well & can hopefully fetch $100 mill; which is $4 share

- then you have certain intangibles, like the fact that SOFN is NASDAQ listed company

- if you add up each of these, you get $3+6+4=$13+ intangibles
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