Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Siebel Systems (SEBL) - strong buy? -- Ignore unavailable to you. Want to Upgrade?

To: muckraker71 who wrote (6645)	4/11/2003 1:10:07 PM
From: Mike Buckley	Read Replies (2) \| Respond to of 6974

Anything's possible, but if the stock traded at $3 before the end of the year, that would mean it would be trading below cash If it trades at $3 today, the stock price would be 34% below cash and cash equivalents per diluted share. With free cash flow net of options-related tax benefits increasing every year since 1999 and with the same free cash flow increasing as a percentage of revenue, it's likely that cash and cash equivalents will be higher at the end of the year than now. That being the case, the longer it takes for the stock price to dip to $3, the greater the discount to cash and cash equivalents becomes. --Mike Buckley