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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST
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To: JAG who wrote (8835)1/17/1998 1:30:00 PM
From: JAG  Read Replies (1) of 14577
 
For those of you who follow Al Frank and are wondering what he is talking about, consider this:

S3 will have $3.31 per share in cash after they receive fab proceeds (not counting any future liquidity event payment to be received) and the stock price is about 5 1/4 and book value was about $6 before profit from fab sale.

Just maybe Al Frank recommendation will move the stock to $6, then we will be at book value and less than 50% of my projected cash per share. Over the past 30 days I been searching with a tech stock with a more favorable balance sheet valuation. I cannot find one. I'm beginning to believe there is not one. Even Number Nine (nine) is trading at a multiple of book and is losing tons of money, with no serious cash, almost full bank line.

Compare the valuations on Seagate, Western Digital, Applied Magnetics, any other graphics chip company, any software company, etc. Let me know how it compares to S3.

Jan you may be right about the first sheep crossing the road. Sometimes it takes a while before these depressed companies show up on data bases used by value investors. Mr. Frank is the first to find the stock. There will be more. Still predicting $8.00 share by June.
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