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Non-Tech : Cityscape Financial (CTYS) -- Ignore unavailable to you. Want to Upgrade?


To: LPasko who wrote (1548)11/8/1997 7:25:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 2544
 
LPasko: I agree with you, this post cannot be taken a face value after the events of the last few weeks. I would not go so far as to say it is a hypster, but maybe wishful thinking. Considering that CTYS has a pretty good chance ending up with close to 100 milion shares, $30/share would give it a capital;ization 150% of their loan portofolio, I think that a capitalization 1/10 to 1/5 of the loan portofolio would be more appropriate.

Zeev