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Strategies & Market Trends : cash-rich dot bombs -- Ignore unavailable to you. Want to Upgrade?


To: bosquedog who wrote (105)12/20/2000 9:30:08 PM
From: stock leader  Read Replies (2) | Respond to of 184
 
it's not a stock push. it is simply an announced cash tender offer for a below cash stock. SYTE offered to buy MTHR and FASH and the prices went up that day. i have talked to CEO Clinton Sallee and he seems to be going down the right road. may work in the future or not, but investment bankers would easily endorse a takeover of a low-loss "below cash value" stock because of all the cash on the acquiree's books...