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Technology Stocks : Speedfam [SFAM] Lovers Unite !

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To: EACarl who wrote (3149)9/1/1998 11:36:00 AM
From: Q.  Read Replies (1) of 3736
 
EACarl you are right about the cash. It declined from $170 M to $140 M last quarter. Yahoo indicates an outdated cash/share due to the use of the outdated balance sheet. Yahoo gets its data from MarketGuide. So does Telescan, which I used in a recent post on the blood thread where I gave the cash per share. Apparently MarketGuide hasn't updated its data yet.

If you want the most recent ratio possible, I would use the no. of shares out, indicated at the top of the 10k, rather than the 'weighted average' shares out found in the income statement in the news release. The latter is averaged over the quarter so it is less recent. The shares out is 16.118 M shares vs. the 15.9 M you assumed. They've been diluting a little bit. This brings the cash per share down to $8.76.

At a stock price of 11 7/8, the price/cash ratio is 1.36 This isn't as low as I had previously thought, due to using the outdated cash value. Thanks for bringing this to our attention.
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