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Strategies & Market Trends : Temp. Home of Cooperative Group-Trading -- Ignore unavailable to you. Want to Upgrade?


To: Bo Le who wrote (689)5/31/2000 9:47:00 AM
From: Rajiv  Read Replies (2) | Respond to of 790
 
Starting a short position in FATB at 7 <eom>



To: Bo Le who wrote (689)5/31/2000 9:00:00 PM
From: Tom Hua  Read Replies (2) | Respond to of 790
 
Bo, strong support at cash level (although that diminishes every quarter). Sometimes a stock can trade below cash if the company is expected to remain in the red for many quarters.

I know of one such case, trading at 75% cash. As a matter of fact, this cash-rich and debt-free company will distribute a special cash dividend equal to 93% of its closing price today. No a bad deal, huh?

Regards,

Tom