MRV Communications (MRVC) opinions? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

-0.1%

Aug 15 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Greg h2o who wrote (12571)	4/1/1999 11:03:00 AM
From: Sector Investor	Read Replies (1) of 42804

<<further, if the company is sitting on all that cash from the convert, i may make a little sense to buy some stock back at this point (clearly, they aren't exactly sharing with us how they plan on using it).... if nothing else, it wouldn't hurt to see SOMEBODY at the company buying....>> OK. Let's talk about use of money. MRVC bought 19% of New Access for $950,000, with option to acquire 60% What might that 19% be worth in 3 years if New Access is successful, and it looks like they have an excellent chance to be successful? That same $950K could have been used to buy 135,714 shares at an average of $7 to reduce the float by 0.5% - a negligable amount. I know the street wants them to buy back, but which looks like the better investment to you?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next