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 : fashionmall.com, Inc. (FASH) -- Ignore unavailable to you. Want to Upgrade?


To: stock leader who wrote (33)2/8/2000 7:58:00 PM
From: Candle stick  Read Replies (1) | Respond to of 76
 
FASH has tremendous value in several areas...first the obvious, they have 42 million in cash, which translates to about 5.60$ per share, therefore the stock is selling at a huge discount to assets (current stock price is 4.25$). Second, the name alone 'Fashionmall.com' has value, as does the customer base....someone just paid 7 million for a web domain name (forgot the name, sorry) that was key to that business....third, this is a PUBLICALLY LISTED company, on Nasdaq...that is hard to do, anyone who wants to GET LISTED can buy FASH and use most of the 42 million cash to finance the deal and then do anything they want to with the company, ie. restructure existing biz or just scrap it altogether and start another one.....many small companies get listed this way by buying into a shell corporation or raiding a small company selling below cash value...people are looking at FASH, mark my words, this won't be here much longer.....value is always recognized at some point in the stock market.