mjsagar@sandia.gov (9123 SAGARTZ, MATHIAS J.) (04/11/90)
Last week (4/2 to 4/6) CBM's stock dropped about 10% and the sinking is continuing. Right now the market values CBM at about 1/4 annual sales, which is pretty close to the ratio that the market put on the company when bankruptcy was considered likely back in the dark days. That's terrible. Things aren't really that bad are they? I suppose the only way to tell is to keep an eye out for management heading for the exits. It's sad to note that CBM's stockholders are getting the kind of support that the company used to give it's customers before the new regime took over. What does Irving do for that 1.25M he pays himself? Actually I'll bet he costs us a lot more than that via expense account globe trotting!
es1@cunixb.cc.columbia.edu (Ethan Solomita) (04/11/90)
In article <16424@snow-white.udel.EDU> mjsagar@sandia.gov (9123 SAGARTZ, MATHIAS J.) writes: > > Last week (4/2 to 4/6) CBM's stock dropped about 10% and the >sinking is continuing. Right now the market values CBM at about 1/4 >annual sales, which is pretty close to the ratio that the market put >on the company when bankruptcy was considered likely back in the dark >days. That's terrible. Things aren't really that bad are they? I Never take the stock market too seriously. One week "swings" are relatively meaningless. I get all the sales information and there hasn't been any bad information. Things aren't beautiful all round, but they are hardly bad. Sales over 1989 (annual, not fiscal year) were about $860 million. I'm not saying that Commodore is doing great, they are hurting in some areas, particularly the dying of C-64 sales, however Amiga sales continue to rise. -- Ethan Ethan Solomita: es1@cunixb.cc.columbia.edu "If Commodore had to market sushi they'd call it `raw cold fish'" -- The Bandito, inevitably stolen from someone else