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Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?


To: Peter Church who wrote (10128)9/27/2002 3:20:50 PM
From: JSwanson  Read Replies (1) | Respond to of 10309
 
Can a stock fall much below its book value?

Sure, if the market doesn't believe the book value or if the market believes that the company will continue to lose money. Further, the stock is still selling above its tangible book value. Book Value is roughly $3.76 per share and Tangible Book Value is roughly $2.43 per share. Cash flow for WIND looks ugly. If something positive doesn't soon with one of WIND's major end markets it could get a lot uglier. I too have quit following this stock for the most part.

Only time I think about WIND now is if someone posts on this near death board.

Regards,

JS



To: Peter Church who wrote (10128)9/28/2002 8:34:46 PM
From: Snowshoe  Read Replies (1) | Respond to of 10309
 
Do any of the more financially savvy readers have an idea what the floor for this stock could be?

I think the ultimate bottom for broken stocks like this depends on what someone would be willing to pay for it in a takeover or management buyout. The price is only a few bucks from a new all-time low. Maybe Fiddler will buy it when it hits $1/share.