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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Nemer who wrote (42595)	8/8/2002 7:00:34 AM
From: DanZ	Read Replies (1) of 53068

PALM. This stock is now trading below a dollar per share. Who would have thought that it could get this low when it was trading over $100 per share during the hype days of March 2000? The company's stock will be removed from the S&P 500 next Tuesday. The price actually looks pretty reasonable now, and it might even get more reasonable between now and Tuesday as any index funds that still own the stock have to dump it. PALM is trading at 0.5 times sales and their debt to equity ratio is only 7%. Even after last year's 33% decline in sales, they still sold over $1 billion worth of goods, and narrowed their loss to 14 cents per share from 62 cents per share in 2001. Sales of Palm devices, like computers, should grow during an economic expansion. I think that this is an interesting speculative buy between now and next Tuesday. With such little debt and a current ratio of 2, there isn't much risk of them going bust, and the stock could do very well from 80 cents per share.

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