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Technology Stocks : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?


To: Bald Man from Mars who wrote (1185)12/8/1998 5:08:00 AM
From: John Martin  Read Replies (1) | Respond to of 1634
 
Did anybody notice that the price of MALL started to adjust to UBID yesterday? UBID -12% where as MALL -3%.

As time goes on, I would expect these values to close in further. At this point, MALL is still severly undervalued since it is worth nearly $40 by my calculations:
MALL has an intrinsic value of $10.
Each share of MALL is worth .72 shares of UBID = $30.

I think that people have been discounting MALL because they believe that UBID will not hold the $40+ price for 180 days. In this market, 180 days is a hell of a long time.




To: Bald Man from Mars who wrote (1185)12/8/1998 5:11:00 AM
From: John Martin  Respond to of 1634
 
UBID distribution of shares is .716 shares / share of MALL.

UBID has 8.91M shares outstand of which MALL owns 82% or 7.3M shares.
MALL will distributed those to the 10.2M shares = .716 shares

8.91M * 82% / 10.2M = .716 shares