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Technology Stocks : Cymer (CYMI)

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To: LLCF who wrote (18225)6/23/1998 12:46:00 AM
From: Curlton Latts  Read Replies (2) of 25960
 
CYMI has more than $5 per share in cash sitting idle. The Company is selling for a net $10 and change right now. An aggressive acquirer could try a preemptive strike all cash offer right now and pick the company off at a net $15-$17. If you look at the out year projected earnings it would be immediately accretive to the acquirer.

Something is wrong if the company isn't buying in its stock at these levels. The Board would have to do a lot of splainin to do Lucy with an announced repurchase program.

Good Luck To Each And All

Curly

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