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Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Marcellus who wrote (2332)	12/20/1998 3:11:00 PM
From: Nathan Hansen	Respond to of 3458

Thanks for the post, Mark. I did miss the Schwitzer acquisition news. Got it now. Isn't it amazing how one company can acquire another for .86 times sales and another comparable company (comparable in the sense that it is in the same industry) can purchase a company at 1.5 times sales? Then the combined company can trade at a premium for some time because the market thinks that "it was a good deal for both companies, and the synergies between them will cause growth going forward". I guess what it all says is the fact that investments are sometimes made because of the potential of next years income statement. I don't know if you know this (of for that matter, if many on this thread remember) but TRBD traded at a capitalization north of $250 million BEFORE IT HAD ANY SALES WHATSOEVER. (c.1995) Then TRBD acquired Pacific Baja Light Metals Holdings Inc. (the subsidiary they call, "Turbodyne - Light Metals Division" now) What is the multiple we're going to see in TRBD near-term? .......your guess is as good as mine!!! We're buying on potential not multiples, IMO. cheers