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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (10779)	6/27/2000 8:32:00 AM
From: Madharry	Read Replies (1) \| Respond to of 78526

After THQI I no longer try to predict revenues or earnings. SOFN has imho viable businesses and strong partners. What you are saying about SOFN you could have said about cable and cellular companies when they were just starting out. SOFN will be building out these networks and will be building cash flow which it or its acquirer/ partners will be able to borrow against. Its gpms should be very high and so should its depreciation. Pacific Cyberworks its partners in asia has access to lots of capital. Assuming you are correct about it doing $50MM in revenues in 2 years- what would it be in the following 20 years after that? Because that will ultimately determine the valuation of the company? There are a lot of rural cable systems out there, and SOFN is doing an excellent job of getting agreements with many of them. Lastly I note that the ceo has made purchases and exercised options throughout 2000 and has not sold any shares even at the stocks highs which was around 50. So he thinks very highly of his company's prospects as do I . and that pacific cyberworks purchased around 20% of the company paying $25 per share. I would rather put my money with the insiders than against them.