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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: dr. killjoy who wrote (515)	3/24/1998 4:34:00 PM
From: Robert Dwyer	Read Replies (1) \| Respond to of 3873

What I am saying is that current assets $3billion in cash plus Ctex spin-offs (value $1billion +) plus PKS info plus coal divided by 147 million shares equals the current asset value. Book value is irrelevant and a figment of the accounting imagination. It is grossly understates true value. The numbers above add up to some $4billion plus the value you place on the computer biz and the coal biz. Divide that by the 147 million shares and you have a true liquidation or asset value----what each share would be worth if we just disbanded the whole idea-------- My point is that stocks fluctuate from premiums to discounts. At this point, KIWT trades a a premium. I thought, at first, that ahahaah might have a point or two to make but after his latest post I think he is better qualified to be the taxi cab driver in Conspiracy Theory II. Unlike us, he seems to have a copies of the Wall Street Journal that will come out in August and Sept. 1998.