I will venture a guess RC, even though with PSIX, like any ISP, a target is laughable...
Very hard to base targets, valuations, and just about everything else.
Looks like PSIX has found some legs, though a bit wobbly......
I guess I don't see PSIX stock doing much of anything until some rumors start to float around as to a merger....after all, look at the stock price over the past year, it has gone nowhere. Earnings won't be positive until late next year probably if not into 1999, so only thing gonna drive this stock above 400 million market cap is a merger, which IMHO might fetch a price of 450-600 million for Psinet, depending on how badly someone thinks they need PSIX, their international presence, customers and POPs.
Do you own any PSIX shares/options, Richard? What are your thoughts?
regards,
cg |
