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


To: jeffbas who wrote (10786)6/27/2000 10:52:00 AM
From: Madharry  Read Replies (1) | Respond to of 78958
 
you are exactly right it is a development stage company except that it is selling for less than book, has $8.50 in cash, there aren't 10MM options outstanding at .25, its got intellectual property, strong partners, insider buying rather than selling, and I believe a viable business, plus a substantial investor who has invested his money at twice what it costs now.
BTW valuation always depends on the whim of the market unless there is a cash buyout for your shares. You are assuming that the market will value peak profits at a certain level. I am assuming that the market will value growing businesses at a certain level which will be more than it is now. I can use all the luck I can get on all of my investments.