Barringer technology (barr) Message Board

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Technology Stocks : Barringer technology (barr)

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To: Ron who wrote (590)	8/24/1998 1:19:00 AM
From: Jon Tara	Read Replies (2) of 652

This company has about $4.50/share in cash and marketable securities. Apx 21M cash, and 17M in securities, as of the 2Q 10K. Does anybody know what the securities are? I'd like to know the current value. There would seem to be limited downside given the current price and all that cash. What is a bit baffling is why they have the cash. They completed an offering recently that raised a lot of cash and then the stock promptly tanked. Now, they've started a share repurchase, effectively negating much of the offering. Huh? At least they are buying the shares back a lot cheaper than they sold them! However, the shareholders who bought the offering quit a bit higher than here (I think it was around $11/share) may have a different perspective! :)

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