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Technology Stocks : Advanced Digital Information Corp. (ADIC)

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To: Carmine Cammarosano who wrote (1184)8/31/1998 12:33:00 PM
From: uu  Read Replies (2) of 2283
 
Anyone out there still holding this stock?!!!!!!!!! From the price it seems I am the only one who has not yet sold out?! Am I the only fool left? Dropped another 20+% just today to an all time low of $6 and change.

The current book value of the company is at $6.61/shr, and the stock is selling at $6.5/shr. It continues to show revenue and earnings (Ok, it is not as much as thought to be before - but yet revenue and profits are being made nevertheless). The balance sheet continues to be very strong even after the recent purcahse of EMASS. And yet the stock keeps falling, falling and falling. I kind of a wished it would just drop to zero and get it over with rather than the unnecessary slow tortureous drop! Doesnt the stock deserve to have the same value as the company's book value?! I bet the furnitures used by the company alone are worth at least $6.5-$7/shr!
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