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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: Marc T. Archer who wrote (15129)	2/11/1999 5:14:00 PM
From: Mad Bomber	Read Replies (1) \| Respond to of 21342

[Financing] I don't mind. The most money I made on AMTX was when they ran out of cash and had to sell. The question is, what is the value of the company. If you look at PCM report, they value TAP and CPLus at 140 mil., ie. approx. 4$ per share. If WSTL drops to 2.75 to 4 range again, it is no brainer to me to buy. IF they run out of cash, they will have to sell out. ADSL business is worth something, especially to big guys who can actually close deals and make profit. I would think minimum buyout $$$ at 7-10, if WSTL gets raked. So the key if you want to participate in possibility of upside but minimize risk in this dog would be to average down until you can get cost average below 7. I do not see bankruptcy as possibility, so there is downside limit. For those in the teens and twenties cost average, I am sorry, but you will probably not be rewarded unless best case scenario pans out. IMO IMO IMO MB ALL IMO