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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Ron McKinnon who wrote (15369)7/18/1998 12:06:00 PM
From: DanZ  Read Replies (3) of 53068
 
DWRX.

Hi Ron,

I was just wondering if you have an opinion on DWRX. The chart looks like crap so I'm not really looking for any comments based on TA. I am primarily interested in comments on the FA that I worked up yesterday. Most of the book value is "real", i.e. they have very little in the way of intangible assets. If you take their current assets ($7.78 a share) and subtract their total debt ($3.12) a share, you get $4.66 a share. This gives zero value to their long term assets (equipment, software, intangibles, and other long term assets) and is about what the company would be worth in a total liquidation. Considering that the company isn't in liquidation, I think it is severely undervalued at $9.

I realize that they are going to miss the estimate by about 13 cents this quarter (estimate is 23 cents, company says about 10 cents) but the stock is down to a price that is way below what it is worth IMO. Is this is a stock that you would buy and hold? I'm planning to put it away for a while and was wondering if you see something in the balance sheet that I missed. My "long term" target is 12 to 13 although I would take 10 to 10 1/2 if I get it fast (like next week).

Did you really catch a 500 pound tuna? WOW, that's almost a bigger catch than a nice flip lol. I'll be out of town on Monday and Tuesday. Best of luck trading.

Thanks,
Dan
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