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Technology Stocks : NHC COMMUNICATIONS (TSE:NHC) acquiring THE FIBER COMPANY -- Ignore unavailable to you. Want to Upgrade?


To: Lalit Jain who wrote (570)10/18/2000 8:52:49 AM
From: hugh thorne  Read Replies (1) | Respond to of 856
 
I still am more then a little nervous about the fact that TSTN is sitting with over US$250,000,000 in the bank. That is a hell of a lot of zero's.

Coppermountain tanked from a market cap of US$1.3 billion to about US$ 650 million due to sectorial slowdowns. My feeling is that regardless of how well NHC does, the sector multiple is probably 20 to 30% lower today then just 3 months ago. Therefor, if the share price projection was say $55, which would give a billion dollar cap,it should be reduced to $35 or so now.