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Technology Stocks : Carnegie Group CGIX (READY FOR A MOVE?) -- Ignore unavailable to you. Want to Upgrade?


To: Thomas who wrote (53)4/9/1998 11:22:00 AM
From: bill small  Read Replies (1) | Respond to of 110
 
Tom, I don't find the 1/8th spread unusual for a thinly traded stock like CGIX.

looks like the stock has lost the momentum it showed earlier this year. I only hope this doesn't portend another negative surprise. At this price the stock is selling so cheaply I can't imagine it going much lower. If they miss again, I think management should consider selling out. The technical talent of the company is outstanding but their business plan/strategy/performance leaves a lot to be desired.

best of luck.....Bill



To: Thomas who wrote (53)4/13/1998 9:47:00 PM
From: bsl113  Respond to of 110
 
The spreads are not always just 1/8 or 3/8 on this stock...
I have seen many occasions where the price moves as much
as 1/2 pushing the stock up only to have it fall quickly.

This stock can make you fall asleep. I just don't understand...

Current Price/Share = 3.50
Shares Outstanding = 6,528,036 Total MKT Cap= $22,848,126

1997 Net Income = 3,360,156

You could buy CGIX for $23 mil and then own it free and clear
after 6.8 years presuming that your yearly net income was at
least 3.3 million. For most people it takes longer to pay off
their home. Does it appear that CGIX would be worth owning.
I think so, and considering that all of the top executives make
an average of $200k you would have a nice salary while your
working to payoff your financing...

Am I missing something? Why wouldn't someone just buy CGIX
becase their current infrastructure looks valuable. This
is just my quick glance though.

Take care,
Bryan Lehner

P.S. CGIX's annual stock holders meeting is on May 12, 1998