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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (4200)	5/30/1998 2:11:00 PM
From: Shane M	Respond to of 78567

Thread, I meant to throw this out earlier, but forgot. Since all of the net-net discussion here, I've begun to monitor (current assets less total liabilites) as a percentage of mkt cap. (BTW, is there an agreed upon "term" for this ratio?) The following company showed up on a recent screen. It's not a net-net, but the above "ratio" was 1.05. Company is Cidco, CDCO. They make what are internet phones, supposedly a rapidly growing market. I'm not conviced that the world will want internet phones in an environment approaching the $500 PC, but many feel it's the appliance that will push e-mail, and minor browsing (such as monitor stock tickers, sports scores, etc) beyond the current computer literate population. There is a sparsely populated SI thread for the company. Some stats (financials as of 12-31-97): price last I checked $8.75 mkt cap $122 mil. PE 9.6 P/S 0.47 P/B 0.93 P/CF 6.6 no debt pct cash 40% sales growth of 40+% in recent quarters. Shane (I'm not invested)