Just out of curiosity, when they reported gross revenues of approx $102 Million for the quarter, I wonder are those just in time dollars or the old style ones. If they are "just in time" it would certainly make a difference for future quarters. Also another thought is with approx 60 million shares out there & with Cowpland & Novell owning approx 15 to 17 Million of them & virtually no institutional ownership who are these people who still own this stock???
Corel has about US$2.35 a share in revenue, which, when applied with a reasonable share price
multiple of 0.3, gives it a share price of US71›. Throw in its US40› a share in cash,
and the stock is worth at least US$1.11, or $1.60.
The stock (cos/tse) closed at $2.17 in Toronto Friday, down 37›, and (cosff/nasdaq) at US$1 1/2
in New York, down 1/4. |
