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To: Mark Marcellus who wrote (2925)9/4/2001 7:58:55 AM
From: joseph krinsky  Respond to of 3372
 
What difference does it make how much cash a company has in the bank, if it's losing money, and has no future?
People use cash in the bank incorrectly, when it comes to valuing a company.
It's only a rough measure of how long a company can stay in business, (unless something changes for the better) not something that should be used to put a price on their stock.
If a company is using more cash than is being brought in, using it to equate what a stock price should be, means that each month (or day if you want) the stock price should go lower.

I'm not commenting on insp, but I do think that if people are buying it based on cash in bank are probably making a mistake, if the business it's in isn't "doable".