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Author: NotSerious Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 21  
Subject: Re: Is anyone out there????? Date: 9/3/2000 12:32 AM
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I don't exactly know what you're I'll address the offer price issue with my own thoughts since reading the news article.

I don't believe this price will be accepted by the is way too cheap.

The premier players in this industry are selling at 3 times BV....this offer is at BV(once you take out the cash currently in the coffers)....A company with a 25% growth rate, 18% ROE, no debt, majorally postive free cash flow, should at least be priced where the P/E matches Growth Rate....Current P/E is about 7.5....another indication that the price offered is way too low.

I have played this stock several times over the years and made money on it all the previous times....this time I got in several months ago at the time I read the news of a purchase at $10-12/share, the price had already dropped.

I figure the offer puts a floor of $10/share under the price, and I now have almost nothing more to lose by waiting a bit and seeing what happens....I risk a little time value of money to gain a better offer, or JWG continuing to do profitable business independently.

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