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

To: Paul Senior who wrote (20435)	1/9/2005 5:51:19 PM
From: Carl Worth	Read Replies (2) \| Respond to of 78748

it appears COSN lost 14M in the last reported quarter (ended 9/30), so it is unlikely that they have anywhere near 28M in tangible assets left at this point quite frankly, i think COSN shareholders are lucky to get a buyout at this point, as it appears this one was spiralling into the ground COSN has over 500M of accumulated losses, i think that about says it all <G> if anything the company might be worth more in a buyout due to the TLCF, but the new rules on same make them much harder to use by an acquirer

To: Paul Senior who wrote (20435)	1/9/2005 10:58:29 PM
From: Steve168	Read Replies (1) \| Respond to of 78748

Paul, I believe TUT System offered share-for-share for COSN, and TUTS closed at $4, COSN closed at $2.76. COSN is burning cash fast, it showed up on my value screen but never reached my GTC buy order price. It is burning cash faster than other stocks I have. Since I never bought it - it may go up now on the buyout news Monday. My other stocks took a beating last week. As they say undervalued stocks can become even more undervalued. It is not easy to be a value investor. Ben Graham closed his limited partnership in late 50s for good reasons. I believe in it in the long run, but should stay cautious at all times.