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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (59034)	5/11/1999 10:47:00 AM
From: Don Lloyd	Respond to of 132070

MB - ( You've got it. If they sell off all their businesses and just have cash, they should get a huge PE multiple. <g> ) Only if they are careful to avoid high interest rates on that cash, or if it turns out to be debt. -g- Regards, Don

To: Knighty Tin who wrote (59034)	5/11/1999 10:58:00 AM
From: Merritt	Respond to of 132070

MB:<<<If they sell all their...>>> And the proof of the pudding: from Briefing.com: 09:02 ET CustomTracks Corp (CUST) 42 1/8: Company reports Q1 loss of $0.16 a share, on nil in revenue. There were no comparable results, as company sold its revenue-generating businesses in November. CUST reiterates its plan to invest $20-$30 mln in 1999 on its new Internet transaction payment system. Based on stock's 294% year-to-date rise in price, investors wagering that system will be major success.