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 : THREE FIVE SYSTEM (TFS) - up from here? -- Ignore unavailable to you. Want to Upgrade?

To: dfloydr who wrote (2355)	9/3/1998 10:08:00 AM
From: Noblesse Oblige	Read Replies (1) \| Respond to of 3247

Hi D Floyd... Obviously, they are dipping into cash. I don't dispute that. On the other hand, Raefon correctly noted that the company almost certainly is making good progress in paring inventory, as it certainly isn't necessary to be replacing all that it has already sacked away in the back of the factory. Any inventory reduction is translated into cash during a normal 30-45 day billing cycle. And, cash is what you need to purchase stock. Remember Floyd, I was only speculating about possible intentions. I don't have a clue whether they will do it or not. Not all of their behavior and/or decisions are comprehensible to someone who tends to think linearly. Nevertheless, what is clear is that they company and its management hasn't been able to create any shareholder value for the last five years or more. Perhaps the best way for them to accomplish this is to reduce the float as much as possible and then take a premium bid. That would certainly resolve David Buchanan's problem...and he could get back to his second home in Flagstaff. I can't speak for him, of course, but if he converted his TFS ownership position into cash, he could thoroughly enjoy his retirement without round trips back and forth to Tempe every time something blows up. Have a good day.