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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Steve168 who wrote (14130)	3/17/2002 7:00:44 PM
From: S. maltophilia	Respond to of 78547

HNFSA is well under book, but not under cash. I haven't seem anything under cash recently. As to tech stocks, I see plenty trading under "book" but it usually doesn't take long to see that most of the alleged book value is goodwill about to be impaired or cash about to burn up.

To: Steve168 who wrote (14130)	3/17/2002 10:49:09 PM
From: wolfdog2	Read Replies (1) \| Respond to of 78547

Steve, take a look at AETH. It's trading for about 1/2 the value of its cash position.

To: Steve168 who wrote (14130)	3/17/2002 11:14:28 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78547

Steve168, Here are some companies (in addition to AETH) which have been mentioned or discussed on this thread and which may still meet your criteria (tech trading below cash value): finance.yahoo.com Easy enough to provide you many more companies that fit, but this should get you started.

To: Steve168 who wrote (14130)	3/18/2002 2:31:27 PM
From: wolfdog2	Respond to of 78547

Steve, I see you were enthralled with AETH. Here's another: VNWI. It sells for around 1/3 cash. At its current burn rate it should be good for about another two years.

To: Steve168 who wrote (14130)	3/18/2002 10:30:50 PM
From: CF Rebel	Read Replies (1) \| Respond to of 78547

Steve168, MRVC, trading at just over $3, said to have book value of $7.52, cash $2.73. I've only begun to do DD but have found that the company did increase revenues sequentially last quarter and their fiber optic component division, Luminent, actually grew it's business 13% sequentially last quarter, something no one else in the sector can claim. Supposedly, they recently turned down an offer for Luminent that was a third again larger than MRVC's market cap. It looks like a potential leader if this strength is any indication. Burn rate is something I haven't gotten to yet. Check out the execs pay if you can (surprisingly low) and they recently cancelled planned stock sales. CF Rebel