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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (1111)1/15/2000 8:30:00 AM
From: Zeev Hed  Read Replies (3) | Respond to of 1438
 
Auric, I have not followed CYBR, but a fast screen does not show anything ominous, if at all, the stock could easily go to $20 or so before it rests. It seems to be a turnaround situation, they are just turning positive cash flow, or close to it, growing at almost 100% annually, so sales of $50 MM next year is not inconceivable and a PSR of 10 on these sales in the current market environment, not too high.

I found no floorless, but a prior debenture and attached warrants has a conversion of $.50, so that may add another 8 MM shares to the current roughly 40 MM shares. If you are considering shorting it, don't do it as it is still making new highs, wait for a double top to form or the break of a neck line.

Sorry, but on a fast screen that is as far as I can see.

Good luck.

Zeev