Inforte Corp. (INFT) Message Board

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Technology Stocks : Inforte Corp. (INFT)

INFT 14.50

0.0%

Oct 1 3:44 PM EST

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To: Sr K who wrote (51)	7/27/2002 12:29:44 PM
From: Glenn Petersen	Read Replies (1) of 65

It can't go down much further. A buy IMHO. A very interesting situation here. Their last quarter was almost break even on an operating basis and they have $72.7 million in cash and marketable securities. They continue to buy back shares, a total 1,830,802 so far at a cost of $17.8 million. There are now 11.6 million shares outstanding, with management (Stephen Mack, Philip Bligh and Nick Padgett) owning about 5.125 million shares. They could buy back the other 6.5 million shares at $10 per share and still have $7 million in cash. My guess is that they don't take it private, at least not for awhile. The cash is not going anywhere (except for more stock repurchases) and business will eventually pick up. This is an extremely well run company and they will be well positioned when the economy turns around.

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