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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (4389)	10/10/2000 10:07:35 PM
From: Sun Tzu	Respond to of 5482

This would be an even better argument for EGLS. They are now at $14.5 and have $7.5 per share in cash. And according to Yahoo they have zero debt. They are also trading at ttm PE of 10. So excluding cash, they have a PE of 5. Since each share has $7.5 in cash, the effective buy back price to the company is only $7. This means that ignoring the stock rise due to buying (a very big blind eye) one could buy back the entire float for under $100M and flip the company for about $300M! If this is not a take over target I don't know what is. However, provided the management does not piss the money away, the long term interests of the company are better served if they intelligently invest the money rather than buy back the stock. ST