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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: JoeinIowa who wrote (24273)3/22/2001 3:17:01 PM
From: Jibacoa  Read Replies (1) | Respond to of 29382
 
Sounds good.<g>

In the mean time MERX doesn't seem to be doing bad today in this kind of market.<g>

It is up 7.57% on volume of 795,000 and B/A at present 10/10
It probably gets some help from the fact that revenues for the 9 months ended 2/24/01 were up 40% to $153.8 million and net earnings went up to $24.4 million from $3.9 million apparently from improved gross margins and that leaves them with a current PE around 5.8 They are selling slightly above book value (1.26 of book)and reportedly have $5.47 cash/share.

It doesn't sound bad to me.

Caveat: I bought some myself in spite of this market.<g>

Bernard



To: JoeinIowa who wrote (24273)3/23/2001 5:00:04 AM
From: Ditchdigger  Respond to of 29382
 
"The best thing about LGND is that they have 2.6B less debt than RAD. LOL. " Now you've gone and done it..I'm at the end of my rope with all this negativity <rofl>..

downside.com
PS: I mentioned about the 9 hole private golfcourse some 33 yo venture capitol guy bought last year here in happy valley
rumor has it, it's for sale..the guys net worth dropped from $100mm last year to $7mm now (poor guy,sheesh)..I guess he has second thoughts of the yearly $200,000 upkeep costs..bet ya could pick it up for $1.75mm,he paid 2.2
<vbg>..