does anyone here, not watch the Yahoo ULTR thread? here are my current musings on the Yahoo thread:
hopefully, we'll hear something soon from the company on progress with Telebrands. if that deal is a go, we should be guaranteed that ULTR will make some real money this year (i.e., $0.30 eps minimum). a major announcement regarding a firm Telebrands deal should justify a big move in ULTR. $0.30 eps = $6+.
another possibility for news from the company is on the Talon front. ULTR's initial deal was cut last march. march of this year might be the right time for another move (such as exercising the 51% option). what throws me, however, is that the adjustment in the Talon deal extended the option until december 31, 1999 (from June 1999). it's possible that this means ULTR will delay any exercise of the option until late in the year. on the other hand, ULTR may be planning a phased approach. ULTR's option to get 51% for $1.4 million is clear,
but the deal also "includes an option for ULTR to acquire the emaining stock...with pricing tied to performance." i imagine the undisclosed terms of this part of the deal also might involve exchanging ULTR
stock for the remaining 49%. therefore, i can see a scenario where ULTR exercises its option for the 51% in the first part of the year (which presumably would enhance '99 revenues and eps), and then exercises the remaining option by exchanging ULTR stock (my WAG) toward the end of the year when ULTR stock will likely be trading at much higher levels.
meanwhile, we still haven't heard a thing on 4Q98. as has already been noted, no news is probably not good news. i'll anxiously await the '98 10-K for tidbits of news. |
