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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: Ali Shahbaz who wrote (4648)7/31/1998 8:03:00 PM
From: J Bertrand  Read Replies (2) of 8358
 
Ali,

I am holding Cabletron because I am a patient investor. I think
this company has a lot of value. But, here's my list of reasons
for holding. See if they match yours.

1. Balance sheet. If over $450 million in the bank and no debt,
this gives Cabletron time to come back.
2. Benson owns 24 million shares of stock. He is the biggest shareholder. He is perfectly aligned with shareholder's interest because if he doesn't help the shareholder, he doesn't help himself.

3. Growth industry. We are in the information age. Data, voice, picture are converging. Cabletron makes excellent products that
address many of these issues.
4. I would say a better than 50/50 chance that Cabletron gets bought
out.
5. Low stock price means less downside risk during bear markets. This
stock has already had a major bear market. Doesn't mean it can't
go lower, but I bet you can come up with a list of very high pe
stocks that could be cut in half with the slightest of problems.
6. I like the new SSR promotion. Sometimes it takes a little "lost
liter" to get things going. Selling this product at a $15,000
price reduction is interesting me. You never know. AOL made huge
progress by giving software away when others were selling it at
$35.
7. Cabletron isn't a small company. It has a good name. And, has been
a consistent performer for years. I like buying this kind of beaten
down stock.

There is no doubt that this stock is going to continue to test our
patience. It may be more than a year before we see progress, but
we must be patient. The biggest killer of most portfolios is jumping
from stock to stock. I am guilty of it myself.

Take care. And try not to worry this weekend.

Jeff Bertrand
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