Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.448

-12.1%

Dec 17 12:59 PM EST

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To: BZOOKA who wrote (9108)	1/27/1998 5:15:00 PM
From: Dennis G.	Read Replies (1) of 13925

If Wall Street hates this stock so much and thinks the short term outlook stinks, how come you still have to pay 5 1/2 bucks for Jul 15 calls and 1 5/16 for Jul 30s? It's never even been to 30 yet. These premiums are ridiculous. Something just doesn't add up. CREAF's cash position now would buy about 23 million shares or 25% of total. Still looks to me like they could earn well over $200 million this calender year. I would think this would be more than enough to cover continuing operations. Anybody know for sure? I wish they would buy every last share they can with their cash when authority is granted. I don't think Wall Street gives a hoot about their cash position. In fact, if I was Sim, I would look for financing to take the company private. Then they wouldn't have to answer to these cutthroats. If they don't buy back soon, I think some outsider is going to come in and make a lowball offer for about 22 bucks. Good chance they could get enough shares to grab control right now. Dennis P.S. Please God, just grant CREAF buyback authority. That's not too much to ask, is it? Thanks.

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