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Technology Stocks : Cyrix 1 Where anything goes
CYRX 9.230+2.7%3:59 PM EDT

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To: Mark A. Forte who wrote (615)7/30/1997 9:55:00 PM
From: Mark A. Forte   of 640
 
An analysis of the NSM deal

After the initial shock I have become analytical again.

Look at some figures:

NSM 52 week range 13 3/4 - 37 9/16 Midrange = 25.6

Cyrix 52 week range 11 1/2 - 30 Midrange = 20.75

Ratio of midrange 20.75/25.6 = .80 a familiar looking number

Book value of NSM = 11.52

Book Value of Cyrx = 6.66

With the merger we are very insulated from the downside of bad surprises like M2 recalls, No M3 development.

With the current number of analyst recommendations NSM should go to 40
in the next 2 months. we get .825x40 = 33. This is very close to where I planned to bail. Therefor I will hang in there for the duration.
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