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Technology Stocks : USAT Long Distance Telecommunications -- Ignore unavailable to you. Want to Upgrade?


To: Mitch Aunger who wrote (307)2/11/1999 12:28:00 PM
From: Smilodon  Read Replies (1) | Respond to of 397
 
Sorry, didn't mean to mislead,

I know they don't have $1.3 billion. I meant, if what they did was worth that much value, a company (like ATT) could replicate it with their available cash and increase their market value by that amount. Which clearly is not the case.

And also, AMZN and YHOO have very high valuations, but unlike USAT, they have very good businesses. As of right now, USAT just has a plan.

Right now, I think their main plan is how to turn some of their paper worth into real pocket cash. They just need to find someone to hold the bag.

5 more minutes until we see if the SEC is going to allow the bag to be passed around.

Just my opinion,

Archer