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Technology Stocks : Research Frontiers (REFR) -- Ignore unavailable to you. Want to Upgrade?


To: William who wrote (1342)9/1/1999 12:03:00 AM
From: Peter Goss  Respond to of 50077
 
William - I'm not sure what your point is. Taunting me with your short run success just makes you feel better. It doesn't change my analysis that REFR is a dilutive money market fund with gigantic expenses. It should trade at book value or less. If you sold at $13 plus good for you. I remain short and adding when the excitement gets overheated. The market forces will resolve the economic value of REFR to where it should be eventually. In my experience, shorts are very patient and do excellent research. You have never offered any analysis or metrics that might indicate why the company is worth $150 million. Even on the off chance that they can fake major companies into paying them $1 million in "royalties", which is ten times the current rate, they would still lose money and be selling at 150x revenues. How does any of this justify purchasing the stock? I would really like to hear a concrete bullish argument that isn't just hot air and hope.

good investing,

Peter