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That means, that $10,000 put into Coherent Rights offering in '94 would be worth $334,000. [I believe that rights offering was the sweetest deal, just 3 SFE for 2 CCSC rts.] That makes up for a USDC or OAOT!. Hope someday it challenges NOVL for the best return. Wish SFE had followed rule #1, keep winners, sell losers. I think they started with over 4M. sh TLAB last year and are down to around 1.7M. sh. Just a guess, but I bet the average selling price so far for has been $60-$70. Tlab is a core holding and has that rare combination of great management, the liquidity large institutions require, and high growth. I did an analysis some months back, [TLAB SI] re: TLAB vs. CSCO. The conclusion was that CSCO is a great company, but TLAB either equaled or beat them on almost every measure of financial performance over the past 5 years, yet TLABs PE ratio was far less than CSCO and the PE ratio for TLAB deserved to not only be a lot closer to CSCO, it deserves to sell at a substantial premium to Tellabs growth rate. It does now, even though CSCOs PE still higher. Then CSCO was app. $103 and TLAB app. mid $70s. Today, TLAB $116 and CSCO $113. There is justice in the world [sometimes]. Second call for information or opinion on SFE holding FCGI. Good move today on volume. Any opinions on its merits? PS. RE: discussion about i-nets trading range with possible break to the downside. The point that bothers me about that re: SFE, is that I don't think it will break to the downside. Hmm...Mike |
