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Technology Stocks : PRI Automation (PRIA)

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To: Paul Getman who wrote (435)6/4/1998 3:43:00 AM
From: Q.  Read Replies (1) of 1214
 
<<PRIA's book value is near $14>> you must have made a booboo ... book value is $6.42.

To compute this: shareholders equity is $126 M, shares outstanding is 19.7 M, and dividing the two yields a book value of $6.42 per share.

With a stock price of 16 1/2, that puts the p/b at 2.6

Some other semi equips are trading at significantly lower multiples of book than PRIA. ASYT to name one, at about 1.6. If PRIA slumped to that multiple, it would hit $10, which is the same as the figure cited by Ian for 1 X sales. I certainly hope that doesn't happen, but I think that's the chicken-little scenario.
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