Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : January Effect 2001 -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (233)	1/24/2001 12:05:57 AM
From: peter michaelson	Read Replies (1) \| Respond to of 289

IS, your comments motivated me to look at MYPT. I see a company that lost $45 million from operations in the first 9 months of 2000, offset by about $15 million of amortization and perhaps, maybe, $3 million of stock based compensation. I note too that nearly $10 million was invested n PP&E. Cash at September 30 was about $125 million, or about $3 per share. That leaves a survival at current cash burn of about 36 months or so. MYPT closed at $1 5/16 today. I note that a shareholder has recently sold about 5 million shares in the $1 price range. The earnings warning of January 5 is pretty discouraging too - $15 million loss not including amortization on very slow revenue growth. My numbers vary from yours but the situation is intriguing. I do wonder whether there is much hope for the underlying business, so I suppose the major hope is for a liquidation of the company. Just some thoughts....Peter