Zapata (ZAP) Message Board

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Technology Stocks : Zapata (ZAP)

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To: MARIO PASQUA who wrote (20)	3/9/1998 7:54:00 PM
From: Jerry Held	Read Replies (2) of 1206

I'm only speculating, but maybe the market wants to see the results of the IPO. (Any idea when this is supposed to take place, BTW?) If your math is correct and I'm assuming it is, this should be at least a $16 stock based on Omega alone. I really don't know why it isn't trading in that area. Maybe it's because of the uncertainty of the direction the company will be heading. Also, it could be that Zap has been beaten down so long, that the market wants to see definite results. This was once a $70+ stock and it hasn't seen those levels for quite awhile, and for good reason. But I'm just really punching at the wind here. I don't have anything tangible to explain why it is only trading at $10+, but it has gone up what? 80% in the last few weeks? Not bad. Maybe it's just the beginning of the ride on the long road back to profitability. I hope so! Jerry

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