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Hello Gary,
I've also seen analysts comments that LU's technology is not that
good.
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Sunday, September 22, 2002, 9:38:02 AM, you wrote:
>> -----Original Message-----
>> From: Daniel Goncharoff [mailto:thegonch@xxxxxxxxxx]
>> Sent: Sunday, September 22, 2002 5:20 AM
>> To: realtraders@xxxxxxxxxxxxxxx
>> Subject: Re: [RT] LU
>>
>>
>> LU is interesting, if the data I am looking at are correct.
>>
>> Market cap is down to $3.6BB, and cash per share is $1.58. A buy out
>> around $1.50 pays for itself!
>>
GF> Something else to look at: net tangible assets,
GF> http://biz.yahoo.com/fin/l/l/lu_qb.html
GF> dropped from $8.78B to $0.55B in just the past quarter. At the same time,
GF> shareholders equity dropped from $10.6B to $0.9B. With 3.43B shares
GF> outstanding, there is about $0.17/share in net tangible assets.
GF> LU is projected to lose -$0.59 per share for next year (ending Sept-2003). If
GF> they do that, they'll likely wipe out their remaining net tangible assets per
GF> share, which will leave the shareholder with negative value per share. BTW,
GF> revenues are expected to drop from 12.2B this year to 9.5B next year (a -23%
GF> drop in business) - no one is expecting a turnaround just yet.
GF> Even as an asset play, LU looks pretty bad, because of all its debt, and low
GF> net tangible assets per share.
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