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Biotech / Medical : CardioThoracic Systems (CTSI) -- Ignore unavailable to you. Want to Upgrade?


To: Bob Jagow who wrote (157)12/24/1997 10:28:00 AM
From: Lighthouse  Respond to of 207
 
Merry X-Mas to all:

In reading the Fool's article certain facts did not compute.
The Fool's cash balances for CTSI are way off. As per Edgar 9/26/97:

Cash: $4,806,000
Securities for Sale: $32,238,000
LT Available for Sale Securities; $27,736,000

Shares Outstanding: 13,528,000

Total Cash: $64,780,000
Cash Per Share: $4.78
LT Debt per share: ($.21)
Price per Share 12/24/97: $4.62

Net cash almost equals the current price.

The Fool listed only the outright cash category; whereas the overall liquidity of the company is much higher. The market does not appear to be putting a whole lot of value on the management/products of this company.

Anybody want to put a technology value on this company?

Regards,