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


To: Steve168 who wrote (16783)4/10/2003 3:31:14 AM
From: Paul Senior  Read Replies (1) | Respond to of 78666
 
Steve168, re: ATS. Yes, trading under cash. How have you weighed though their announcement of the suspension of the dividend and their statement, "APT Satellite also plans to replace its APSTAR IA with APSTAR VI in 2005. The two new satellites are expected to cost a total of US$470 million"? I make that to be about $9/sh which dwarfs the $3 cash/sh they are showing.