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Technology Stocks : Proteon
PTON 7.660+14.2%Nov 7 9:30 AM EST

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To: Jim Malone who wrote (323)7/25/1997 10:28:00 AM
From: Tiger   of 512
 
Jim, PTON has been my most frustrating investment experience (a close second is ROSS, though I made some money on ROSS). The valuation has always been compelling (even when it was trading at around $6 with much higher values of cash position, BV, etc.) But the company does not seem to be able to turn around all these years despite a good balance sheet, apparently good products and good alliance partners. I was tempted to bail out this morning but hesitated because of the still compelling valuation:

Per share values: Cash $1.23; Current Asset less Current Liabilities $1.92; Cash less Current Liabilities $0.77; BV $2.18

Valuation is the only thing supporting the stock price right now. PTON just announced some new senior management changes/additions. How much longer will it take for this company to turn around?

Is this time to bail out? Should we still have faith and be patient?

I would appreciate your thoughts. Thanks.

Tiger
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