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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (78657)6/13/2002 9:12:32 PM
From: Zeev Hed  Read Replies (1) | Respond to of 99280
 
I think that the group is of the type that when their customers catch a cold, they catch a deadly pneumonia. Razor thin margins and very large overhead, feast and famine kind of existence. I would not get into it for now, even at book. You also must remember that "book" often includes a lot of Capex bought in past years in preparation for the good time, by the time that equipment is put to use, it may be (partly) obsolete, thus some of that "book" is really a figment of an accountant's fertile imagination. I don't follow DDIC myself, but do follow other members of the group, so that situation might be different.

Zeev



To: Jack of All Trades who wrote (78657)6/13/2002 9:31:35 PM
From: Zeev Hed  Read Replies (2) | Respond to of 99280
 
On DDIC, I just gave it a fast look, if they bleed at the recent rate, they will run out of cash in two qyuartersm SANM has close to a Billion in ash, DDIC only $30 MM, so if the group interests you, SANM should be a better candidate (it also sells at discount to book, but I have not checked the "quality" of these book values).

Zeev


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