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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: EACarl who wrote (40771)	10/10/2008 1:39:40 PM
From: The Ox	Read Replies (1) \| Respond to of 95567

Thanks, EAC. I respect what you are writing. Even in a fire sale, there's at least $2 to $3/share in value,imo. Writing off 60% of their inventory and only giving them 66% of all other "real" assets would value the company just below $2/share. Let's take cash+a/r $111Mil to balance out the $80 Mil debt (and that's being a bit generous). Write off all intangibles,half the inventory figures, and offset the liabilities and we still have over $200Mil in value, with about 110 Million shares outstanding. As fire sales go, the bare bones still looks like its worth $2/share. I can wait a few months or quarters for this to sort out... Like I wrote earlier, its not worth $6/share in this market environment but its worth a lot more then where its currently trading. High risk, potentially high reward or bust. I'll wait to see what happens in the long run. Too many good companies out there selling at large discounts for us to be over analysing ACLS...just a long shot I put in my portfolio...nothing more. IF they get the financing and IF they make it through the downturn and IF their management gets better at doing their job and IF..... jmo TO