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Technology Stocks : BORL: Time to BUY!

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To: Jack Gibson who wrote (7472)11/18/1997 1:52:00 PM
From: Paul Corbett  Read Replies (1) of 10836
 
It seems a percentage player would be better off to buy VSGN than BORL.
It probably doesn't make sense (due to commissions etc)) to sell BORL and buy VSGN, but for somebody who wanted a cheap entry into BORL then this is a good way.

Suppose BORL's true value is about $11 a share (which is my guess as to its value) then this means if you can get VSGN for less than $8.9 then you are getting discounted entry. As it is currently trading at $7.5 approx, you are getting a good 20% discount to what BORL is worth.

The danger is of course that the deal will unravel but it does not look like it here.
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