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.

Technology Stocks : CDCO - CidCo Incorporated -- Ignore unavailable to you. Want to Upgrade?

To: Steve who wrote (139)	7/9/1998 9:11:00 PM
From: Elroy	Read Replies (2) \| Respond to of 204

Steve, <<The market thinks that this company is going out of business.>> Are you sure? Some players in the market can't hold stocks priced below $5 due to their mutual fund requirements. The stock went up today, so did the market change its mind? Most companies with more than $50MM per quarter don't just "go out of business". <<Cash in the bank doesn't mean anything.>> ?? I like cash in my bank. Companies with cash in the bank don't just "go out of business". Companies with debts and no cash in the bank often do go out of business. Isn't the purpose of all companies to generate cash? Cash in the bank is the result of generating cash. <<From what the market is telling us, the company will continue to lose money. The company has disappointed investors many times now and there is no reason to believe that they will come through the latest trying times. >> Again, did the market change its mind today? Listen to yourself, not "the market". Never mind. You think cash doesn't mean anything, so listening to yourself may not be a good idea:-). Personally, I don't even know what this company makes (the truth comes out, I just saw the stock for the 1st time yesterday), and I don't know their disappointing history at all, but I'll buy a company for $4 a share with no lawsuits, $50+MM in sales per Q, $6.50 a share in cash and hard assets. All they need to do is restructure, and they've got 2-3 years to make a decent product before the cash level should hit $4. Time will tell. In the meantime, I like cash in the bank... Elroy