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Technology Stocks : GGNS Genus
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To: The Ox who wrote (1969)12/8/2004 1:00:18 AM
From: EACarl  Read Replies (1) of 2006
 
Hello Michael, I've bought a little too and considering
adding. I've tracked this mess since the announcement
and to my knowledge todays prices represent the largest
discount yet for GNSS stock assuming the merger happens
(yes, I know what they say about assuming!)
based on Tuesday close about 28% discount if my calculation is correct which sounds huge to me. I'm trying to figure how low GGNS could go if the merger doesn't happen, as a downside, keeping in mind there's already plenty of bad news in the quote and GGNS still has almost $1 in net cash on the
balance sheet. Also, if the German courts throw out the
shareholder lawsuits, I expect there will be an instant
and significant reduction in the discount. The whole thing
is getting old and the stock action lately has been pretty
boring, which is contrarian enough to have a shot at working out! ;-)

Regards, Eric.
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