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Strategies & Market Trends : The Good-The Bad and The Ugly -- Ignore unavailable to you. Want to Upgrade?


To: bob who wrote (4516)12/10/2000 1:40:09 PM
From: BWAC  Respond to of 8686
 
CATP is interesting. What is the big problem that has it trading at $1.75ish?

I need to study their business a lot more, but first glance at the financial statements reveals some surprising items. Market cap is LESS than Cash plus Investments held to maturity, No debt, .19X Sales, .50 Book Value with no Intangibles included (no funny stuff like Goodwill).

What is wrong there? Does the market think they will never ever make another profit? They were once profitable.