SI
SI
discoversearch

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 : Disk Drive Sector Discussion Forum
WDC 181.54+1.1%Dec 26 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tom Simpson who wrote (3479)6/3/1998 6:07:00 AM
From: Frodo Baxter  Read Replies (1) of 9256
 
I'm not too sure about your liquidation models... The big variable is the property line, as it usually comprises more than the total shareholder equity. Who would want to buy a bunch of SE Asian high-tech factories that need require capital expenditures only to supply an industry in oversupply? Even in the best of times, these guys are all free cash flow negative. Luckily for KMAG, they have an out. They're most likely going to do some sort of convertible deal soon. Don't bottom feed until after this deal has been discounted. All the rest of the players have already exhausted this route, and so are much more levered (and vulnerable).

I still think there's something fishy with HMT's accounting. Are they really that much better than everybody else? A small equity base, vociferous cash burn since birth, and last quarter, a bloat in accounts receivable. Umm, classic danger signs...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News