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Technology Stocks : Citation Computer (CITA)
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To: Brad Rogers who wrote (731)1/20/1998 4:23:00 PM
From: Stuolson  Read Replies (3) of 1256
 
Citation receives an "unsolicited expression of interest and hires an investment banker to enhance shareholder value." Stock up 20%, although it still appears substantially undervalued at this point. The average buyout price in the field over the past year or so has been 4.4 times sales. At 3 times sales CITA would be worth 13 or so. Brad, both Marion and I told you to buy the stock back at 6 last week while you still had the chance.y
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