Presstek -- Stock of the Decade?? Message Board

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Technology Stocks : Presstek -- Stock of the Decade??

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Sep 29 10:16 AM EST

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To: GVTucker who wrote (9905)	8/27/1998 10:32:00 AM
From: Brent	Read Replies (1) of 11098

GVTucker, I agree whole heartedly with both your scenarios when cash is a very valuable item to evaluate, but I have to take exception to this statement. <Unlike Brent, I find cash (and other current assets) to be valuable in evaluating some companies.> I think if you re-read my posts you will see no where did I say or mean to imply that cash is a useless item to evaluate. I said you must use it in comparison to other numbers and ratios and analysis. I evaluate the cash position on every company I buy or short, I just don't look at the actual dollar value and declare it a bullish or bearish number based on its dollar value or based on historical norms. I evaluate how the cash position can hurt or help the company and where the cash came from. In my debate with Scott, I asked for his analysis on why it was bullish for Presstek to have $24 million as I could not justify it as a bullish figure. Had it been $100 million it would be bullish (share price approaching book value) or had it been $.5 million, it would be bearish (concerned about operating capital). Brent

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