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Technology Stocks : Merrimac (MRM) anyone else follow 'em
MRM 1.903-5.1%Dec 31 3:59 PM EST
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To: geoffrey Wren who wrote (91)3/19/1999 1:34:00 PM
From: geoffrey Wren  Read Replies (1) of 110
 
The price drop explained:

Before the recent purchase, MRM had cash and cash equivalents of $2,185,199. The purchase was said to be a cash transaction for $4.5 million. No explanation of financing, but you have to figure some long term debt, say of 3.0m. At 10%, that's $300,000 of interest, nevermind payment on principle per year. Then we have a losing quarter. Some investors probably figure MRM is taking a pretty big gamble on getting sales here in the near future.

GW
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