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Technology Stocks : LIOX - Globalization for the Internet
LIOX 5.7500.0%Mar 1 4:00 PM EST

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To: Jack Hartmann who wrote (148)2/23/2009 8:14:06 PM
From: Investboy   of 151
 
Liox is really a quite extra ordinary value even when you look at how cheap so many stocks are in today's market and seemingly getting cheaper every day. At $1.30.

If you take the market cap off $74 million and subtract what is now a net cash position ($38 million cash minus $18 million debt) you get a net value of $54 million valuation for which you can purchase Liox.

Given that they produced $13 million of cash in the quarter (which is consistent with the previous quarter) and they landed some new large accounts and momentum is up. One can easily imagine that they will produce $60 million in cash for 2009. They were one of a very few companies that had a quite bullish conference call and optimism to continue to grow even in this horrible macro econcomic condition.

You can buy a growing company, that seems to not be that sensitive to the economic environment, with solid customers, several major client additions, large tax loss carryovers as an asset...for the amazing price of less than 1X what is likely to be 2009 cashflow! That is an exciting investment.
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