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Technology Stocks : Presstek -- Stock of the Decade?? -- Ignore unavailable to you. Want to Upgrade?

To: SG who wrote (9904)	8/27/1998 6:45:00 AM
From: GVTucker	Read Replies (2) \| Respond to of 11098

Scott, my thoughts on cash and valuation: Unlike Brent, I find cash (and other current assets) to be valuable in evaluating some companies. The problem here is that it is most useful when evaluating broken companies that are either going bankrupt losing lots of money, as a way of determining what the company would bed worth in a worst case scenario. Presstek certainly does not apply here. A second instance where cash is useful is when negative sentiment has driven a company's stock price down to an artificially low price that won't last. Cash, as well as other assets, are examined here to determine where a company's worst case support would be, even when sentiment is at its worst. This is where the concept of book value comes into play. And although you may argue that Presstek's valuation is already discounting that today, the net book value of the company argues otherwise. Net book (net of intangibles like goodwill) is $2.60. I'll start talking about cash and its bullishness when the stock price approaches that number.

To: SG who wrote (9904)	8/27/1998 8:09:00 AM
From: James C. Shircliff	Respond to of 11098

" You have lost any shred of credability" Scott, uh, the evidence indicates otherwise. Sorry, but it is you who have lost all credibility. Quotes about patents and discussions about technology may make you feel better about your "investment" but doesn't make you credible when you make wrong conclusions from your observations. You have been dead wrong and Paul has been right on the money and retains the respect of honest participants on this board. Your statement that you would burn the cigars in hell before you sent him one shows that you are a very sore loser.