Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: GBM who wrote (2227)	5/18/1998 10:00:00 AM
From: the Chief	Read Replies (1) \| Respond to of 8117

GBM. You said: This company needs to do in excess of 50 million in revenue to justify it's current market cap. Another amazing "statistical fact" from the uninformed. If this company had 50mm(I'll even use this number as gross) in revenue then approx 50% would be net profit. (20% associated with production costs and an additional 30% associated with farm out manufacturing and ancilliary costs) This would result in a net profit of $25 million which would equal $3.75 EPS $3.75 EPS with a index multiple (conservative) of 20 would make this stock worth over $60.00 Good math, and good argument!!! the Chief

To: GBM who wrote (2227)	5/18/1998 12:49:00 PM
From: Edward W. Richmond	Respond to of 8117

>>Pyng will drop with the rest of the markets and Ed, only a moron would see a drop of the price to $2.75 as a positive move.<< GBM, my friend, dollar cost averaging is a generally accepted/recommended strategy for both retail and professional investors. I like Warren Buffet's statement that you should be happy to see your stocks drop because it provides a buying opportunity. Because Pyng, in my opinion, is one of the most promising of the 35 companies my wife and I hold, I see a drop in share price as a positive. An opportunity. Therefore, I would be myopic to let such an opportunity go by without taking action. I certainly do not wish any ill to shareholders who bought in above $2.75, but if a case can be made for buying above $2.75, and obviously some investors came to that conclusion, then a better case can be made for buying at $2.75 or less. Obviously we may disagree about significance of FDA approval and the probability of Fast1 going to market. I would expect each one of us to make decisions on the basic company information, our interpretation of that information and the potential market and our investing style. I'm sure your decisions are consistent with your beliefs/opinions, as is mine. No, I'm not a die hard bull. With the number of stocks we hold, we have had our share of disappointments and we would be quick to sell if we saw a material change in the company's prospects that we interpreted as negative. However, it don't accept that investors in Pyng are subscribing to the "greater fool theory". Pyng has too much substance as a company. GBM, best regards for successful investing from an old guy who likes to be challenged about the validity of his judgements, but not his intelligence. Regards, Ed