Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Rylan who wrote (3681)	2/27/1998 4:34:00 AM
From: Bill Wexler	Read Replies (1) of 18691

<<Fundamentally speaking, what is a fair share price for ZONA? >> In a perfect world.....zero (I mean that quite seriously. This company has a corrupt management team and absolutely no viable products). In the real world we must consider that the company is still sitting on the cash that was stolen in the stock offerings. Therefore this company is now worth exactly the cash in the bank. After accounting for (my approximation) this quarters burn, I figure 4 to 5 a share.

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