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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?


To: jean who wrote (8936)6/24/1998 10:44:00 AM
From: brad greene  Read Replies (1) | Respond to of 26039
 
Jean,

Here is an idea......a happy thought.....common sense.

The million share short position. Why would they not be looking at covering now?

I will grant that the Bio-ID and perhaps the live scan business segments are delayed and out of favor with the market....

But what about ANADAC and Government Services?
ANADAC is doing very well and growing at about 20% per year.....40 million in sales? 17% margins?

What is ANADAC alone worth?.......3x sales?

Give it some thought......I believe the shorts must be thinking that they have done about as good as they can do.....Forget PE......Value the business segments. Not much premium at this stock price.

Should IDX meet the 4 cent estimate for the quarter.....I would think that the shorts would move for sure. They have done very well.

bg