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Ascential Software Corp. (ASCL) Message Board

  • normand98 normand98 Sep 4, 2001 3:53 PM Flag

    Why today ? $3.58 per share in cash ?

    Is there any reason why this stock is tanking
    SPECIFICALLY today ???

    Also, what happened to cash from sale of Informix division ? Net of tax, it should be about 800 million or about 2.80 per share. Yahoo only shows about .78 per share cash.

    If cash position is 2.8+.78 = 3.58 per share, then this stock, with zero debt, is a great buy at 4.4.

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    • Except that ASCL has no product to sell. All dressed up (with $1.0 billion) and nowhere to go. No vision, no plan, no competency. But the company does have a bunch of crooked managers who will gladly steal your money. It's a sad story when a copmany makes far more money from the interest it earns from money in the bank, then on the products it sells. ASCL will be less than a dollar soon; about the same time that PG and his cronies pocket a few hundred million from the company's cash reserves.

      And you wonder why this company is tanking.

      My advice to PG and his friends is let's use our billion to buy McDonald's and Krispy Kream franchises -- at least that way we'll have a legitimate revenue stream. Do you realize how many franchsides we could buy for $1.0 billion?

    • the close of the tranaction between Informix and IBM didn't occur until July 02, 2001......which means it did not occur until the THIS quarter Q3.....we will have to wait until this company comes out with Q3 results.....and then from there it should reflect the cash that now exists....I had asked the same thing of why it doesn't show.....Yahoo does not actually supply that particular info to us....I believe it's Market Guide....don't quote me on that........anyway...the only reason in my opinion that this stock is still dumping like this is due to possible fund managers still dumping shares of this company into the market and decreasing their position....my personal thought is maybe they are as disgusted how this stock has performed since the announcement of that deal then myself....I do not see a bottom on this stock until this company gets ahead of the train to stop its downturn.......the history though of this company makes me really wonder what it's doing.........my personal opinion is that fair disclosure of all that is occuring in this company is not occuring....it may occur on a golf course between buddies, or maybe at a dinner...unofficial comments, and casual talk that we never hear that still indicates how this company is doing......this is my personal opinion.

 

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