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To: oldirtybastard who wrote (152789)2/22/2002 8:06:43 AM
From: Box-By-The-Riviera™  Respond to of 436258
 
i've always wondered why their games were so well tolerated.... their analyst followers like being bitch slapped i think.

though CA was one of the first bear signals two years ago when their european sales fell off a cliff.. same thing happened in 98 as well.



To: oldirtybastard who wrote (152789)2/22/2002 9:22:30 AM
From: reaper  Read Replies (1) | Respond to of 436258
 
<<I don't get it, why would anyone want to be anywhere near that CA crap? >>

I'll actually get LONG a first 1/3 today at $18, if it gets there. Business is not great, BUT they have generated well over $1 billion in FREE cash each of the last 4 years (I'm talking about the cash flow statement here, not the P&L or some bastardization of cash like EBITDA). With a $10 billion +/- market cap (at $18) I'm willing to take that risk. These guys do NOT have liquidity problems.

If it gets to $15 I'll take down the other 2/3.

Cheers