SI
SI
discoversearch

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 : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?


To: Benny Baga who wrote (7575)7/1/1999 10:42:00 AM
From: Rob C.  Read Replies (1) | Respond to of 20297
 
Ben and all,

If you asked me last month if I would be happy to see CKFR at 29 5/8's, I would have told you to seek help.

Crazy, but in a good way.

Rob



To: Benny Baga who wrote (7575)7/1/1999 12:03:00 PM
From: Dako  Read Replies (1) | Respond to of 20297
 
Thanks again for the heads up, Benny. I'd say its now official. Checkfree will remain in the Russell 2000 and that's the main reason for this run-up after YDA's closing compression.

The correct number of shares to use is abt. 51.7 million shares. At a $1.424 billion market cap, there are by my reckoning about 1016 larger qualifying U.S. companies ahead of CKFR as measured by market cap. That should give us enough room if the database includes some other overstated situations like CKFR was. In fact, it seems likelier that the database could omit some very new names or share offerings.

Hope this helps. It did for me. If it has pushed the stock up, we could get a pullback, but I'd bet there are some who will wait to add until the list is out next week.

All this is in addition to the more element of fundamentals, of course.