Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.470

0.0%

9:52 AM EST

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To: N. Dixon who wrote (9424)	3/13/2003 7:00:34 PM
From: RockyBalboa	Read Replies (2) of 10293

Nixon, what world do you live in? So long as I can buy the finest companies for as little as 4x, 3x cashflow or research companies - even with revenues -far below the cash value per share, how would you possibly arrive at a valuation of $20 per REFR share. To support such valuation it would perhaps take 30 to 50M in annual revenues, or give or take, quite a 100 times the current revenues. I mean, it would be generous if it trades at $2, much less at $5.

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