CGRM Centigram Message Board

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Technology Stocks : CGRM Centigram

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To: David R who wrote (275)	8/21/1998 12:59:00 AM
From: Red Dragon	Read Replies (1) of 333

Earnings just posted. Here are a few of my early observations: 1) Pro-forma comparisons (which exclude the CPE business) show year to year revenue relatively flat. 2) They burned some cash buying the Telephone Connection, but still have 52 million in cash reserves. Total market cap is 6.9 million shares X $11 = 75.9 million, which means one could purchase the entire company for net of 23.9 million dollars - a little over one quarter's revenue. CGRM remains a great value play. So in the grand scheme of things, CGRM's revenue is flat - which is not great, but better than a lot of other companies - including Apple and most companies in the semiconductor industry !!! The current stock price is an inefficiency of this market. A lot of small caps stocks are flat out being ignored by the investment community, as we know. The company is not stellar, but it is better than its stock price suggests. biz.yahoo.com

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