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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Gary D who wrote (4345)4/7/1999 8:57:00 PM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
Gary: "From the info I see in the SI charting facility, the market cap of ETEC is only about 20% greater than CYMI."

Yeah, but calculate that with the average selling price of ETEC of around $40 and we are around 900m. Besides, I said it was one of the "larger" companies.

Re: "Don't you think ETEC may also be afflicted with small-cap-itis along with CYMI?"

Yes, if it market cap keeps cratering larger cap funds will have to dump it. Not likely IMO.

Re: "I don't understand why 20% should make much difference, but maybe it could--the market's perception is what matters here."

IMO, it is a combination of market cap and institutional ownership. Maybe you call it "market perception." Compare it to CYMI. It has about 40% institutional ownership and ETEC has over 95%. UTEK has about 35% institutional ownership. No comparison all things considered. The institutions have voted and ETEC wins and their vote is the only one that matters.
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