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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)
VEEV 293.27+0.5%Nov 14 9:30 AM EST

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To: Stock Watcher who wrote (3553)3/1/1999 8:43:00 AM
From: Norm Demers  Read Replies (1) of 52051
 
Check this out: insiders.mw.cnation.com

SDTI sold 1,000,000 shares of VRSN @ $80. That's enough cash to pay for the entire stock buy back and they still have over 2 million shares of VRSN left. As well as $150 -$175 million in cash.

That's 5.50 - 5.75 a share in cash plus about another $175 million in VRSN stock or about $10 a share. Trading around $18 1/2 or so now. $8 1/2 for SDTI, great bargain. Earning .70 for 98. That's a PE of about 12 based on 98 earnings. Estimates for 99 of .87 or a PE of 9.75
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