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To: A. A. LaFountain III who wrote (55973)4/21/1999 5:40:00 PM
From: Paul Engel  Read Replies (4) | Respond to of 1571398
 
Tad - Re: "ACTL closed today at 2.8x sales, so perhaps 2.5x makes sufficient allowance for its cash.... 2x - 2.5x Vantis 1998 sales of $205MM would lead to $410MM to $512.5MM"

Thanks for the analysis.

Based on that, I would guess Vantis is unloaded for <2x sales - it is a distress sale, after all.

Paul



To: A. A. LaFountain III who wrote (55973)4/21/1999 6:21:00 PM
From: Mani1  Respond to of 1571398
 
A. A. La Fountain III Re <<...2.5x makes sufficient allowance for its cash. 2x - 2.5x Vantis 1998 sales of $205MM would lead to $410MM to $512.5MM in value...>>

Good call :)

What do you think of the sale?

Mani