Aeroflex (ARX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Aeroflex (ARX)

ARX 12.62

+4.7%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SirAlexx who wrote (391)	2/24/1998 11:23:00 AM
From: scott	Read Replies (1) of 586

Yes, .....same offering. Previous offering was withdrawn in Dec. during the height of the "Asian Contagion". I predict that ARX stock price will be soft until the market judges how well management puts the approximately $15M to work after debt is paid off. I know that I'll be looking to pick up some shares again in ARX after having made a nice profit earlier. <<<The company said it will use its proceeds to repay about $10 million in bank debt and for working capital and general corporate purposes, including facilities expansion and potential acquisitions. A registration statement was previously filed in November, 1997 and withdrawn in December, 1997, offering three million shares of common, with 2.5 million offered by the company and the balance offered by selling stockholders. The company had cited ''unfavorable market conditions'' for the withdrawal. >>>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next