SEEC, Inc. (SEEC) Message Board

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Technology Stocks : SEEC, Inc. (SEEC)

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To: airborn who wrote (999)	2/8/1999 9:18:00 PM
From: Sethpop	Read Replies (1) of 1031

The book value and cash value on the balance sheet are important elements of the total value of the company. However if a company has $5 on its balance sheet...that does not at all translate into $5 for the common shareholder!! The money cannot be dividended out to the shareholder without taxation....it is not likely that someone will pay a premium for cash...(i.e. offer $6 for $5....and if they do, please have them phone me as I have lots of dollars I would like to sell at a premium)...and, of course, this company was LOSING money from operations last quarter (without the interest income from the cash.) Thus...the shareholders are in the position of having to depend on a management to somehow convert that cash into capital gains for the shareholder through acquisitions or investment...The current management may not have earned the confidence on the part of the marketplace that it is capable of doing that. In fact one of their acquisitions was of a company owned by one of the principals. Perhaps the marketplace is fearful that this cash value will rapidly disappear either in losses....bad acquisitions...or perhaps more acquisitions of companies owned by management or friends of management??

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