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Technology Stocks : COM21 (CMTO)

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To: DD™ who wrote (151)1/22/1999 1:37:00 AM
From: Capitalizer  Read Replies (1) of 2347
 
Great article and earnings CMTO. Just disappointed that stock had to be issued at this time. First of all they essentially have no long-term debt. Their cash and securities seems sufficient for current growth. The only logical reason it seems for diluting the company would be to make further investments in other opportunities.

I would think they would want to wait for the stock to go up on the great earnings first, then announce the secondary offering. I hope this move was only short-sighted and not planned as the stock being reasonable at current levels.
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