I like MAVIS. It does look like the dilution could become an issue but truly great business can work it's way around that kind of situation. Still it's lots of shares:
The Corporation's authorized capital stock consists of 110,000,000 shares of Common Stock, no par value per share, and 40,000,000 shares of Preferred Stock, par value $1.00 per share. As of December 31, 1998, the Corporation had 49,508,053 shares of Common Stock issued and outstanding and had 1,079 shareholders of record; 200,000 shares of Series A Preferred Stock issued to two shareholders of record; 200,847.5 shares of Series B Preferred Stock, issued to one shareholder of record; 21,600 shares of Series E Preferred Stock issued to two shareholders of record; and 52,500 shares of Series F Preferred Stock issued to one shareholder of record. In addition, there are outstanding warrants and options which were issued in connection with the acquisition by the Corporation of PTT and Talidan.
This reads ugly to me but the stock trades real nice.
I'm luke warm to medium hot on CAGI simply because those sales to companies like ALLTEL could be huge.
Regards, Jeff
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