Avid Technology, Inc. Message Board
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AVID retained more value since 03/16/00
AVID retained more value than ADSK, MDEA, PCLE,
and LBRT!
On March 16, 2000, Mr. Munster
recommended the following basket of stocks on the "US
Bankcorp Piper Jaffery Show" which at the time he
projected dramatic increases in future share
prices.
Avid Technology Inc
Autodesk Inc.
Media 100
Inc.
Pinnacle Systems Inc.
Liberate
Technologies
Based on Mr. Munster's recommendations, I created a
hypothetical tracking portfolio and invested approximately
$25,000 in each one of the following five stocks at the
closing price that was established March 16, 2000. As of
August 29, 2000, the value of Avid shares in comparison
to all the others shares remains the highest. It
should be noticed that all the shares recommended by Mr.
Muster on March 16, 2000 have dropped in share value BUT
as of August 29, 2000, AVID retained more of its
share value than Autodesk, Media, Pinnacle and
Liberate!
AVID
Price on 03/16/00: 21 78
Number of shares
purchased: 1200
Value of shares on 03/16/00:
$26,250
Price on 08/29/00: 13.125
Value of shares on
08/30/00: $15,750
Loss: $10, 650
ADSK
Price on
03/16/00: 50 15/16
Number of shares purchased:
490
Value of shares on 03/16/00: $24,959
Price on
08/29/00: 28.31
Value of shares on 08/30/00:
$13,873
Loss:$11,116
MDEA
Price on 03/16/00: 37 3/8
Number of shares
purchased: 660
Value of shares on 03/16/00:
$24,667
Price of shares on 08/29/00: 16.125
Value of shares
on 08/29/00: $10,642
Loss:
$14,437
PCLE
Price on 03/16/00: 56 13/16
Number of shares
purchased: 440 (880) split 2 for 1
Value of shares on
03/16/00: $24,997
Price of shares on 08/29/00:
9.875
Value of shares on 08/29/00: $8,690
Loss:
$16,390
LBRT
Price on 03/16/00: 82
Number of shares purchased:
305
Value of shares on 03/16/00: $25,010
Price of shares
on 08/29/00: 24.4375
Value of shares on 08/29/00:
$7,453
Loss: $17,556-
How is your hypothetical Mr Munster portfolio
tracking after last week's performance by
MDEA:
http://finance.yahoo.com/q?s=MDEA&d=5d
film: Zofteemazh won't be off the books until July '01,
I'm afraid.
DISCLOSURE:
Short-term :
too long
Long-term : so long- 1 Reply to cndwjdb
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On 09/01/00, AVID is still number one in share
value retained since 03/16/00!
cndwjdb, MDEA and
ADSK switched places by a hair on
09/01/00!
cndwjdb,I thought you meant July 2001 and not July 2000 in
reference to the termination of prior restatement of
earnings. People on this board seem to forget that AVID
generates healthy revenues each year and among the basket
of five is second only to ADSK in yearly revenues.
Once the restatement of prior earnings have been
completely flushed, I expect to see an increase in earnings
from revenues in 2Q2001 and a "sharp" increase in
earnings from revenues in 3Q2001 which will return the
share price of AVID to the high $forties and
beyond!
AVID
Price on 03/16/00: 21 78
Number of shares
purchased: 1200
Value of shares on 03/16/00:
$26,250
Price on 09/01/00: 14.375
Value of shares on
09/01/00: $17,250
Loss: $9,150
Sales:
453.6M
MDEA
Price on 03/16/00: 37 3/8
Number of shares
purchased: 660
Value of shares on 03/16/00:
$24,667
Price of shares on 09/01/00: 21.375
Value of shares
on 09/01/00: $14,107.50
Loss:
$10,972.50
Sales: $65.3M
ADSK
Price on 03/16/00: 50
15/16
Number of shares purchased: 490
Value of shares on
03/16/00: $24,959
Price on 09/01/00: $28.6875
Value
of shares on 09/01/00: $14,056.88
Loss:
$10,933.12
Sales: $871.9M
PCLE
Price on 03/16/00: 56
13/16
Number of shares purchased: 440 (880) split 2 for
1
Value of shares on 03/16/00: $24,997
Price of shares
on 09/01/00: 13.25
Value of shares on 09/01/00:
$11,660
Loss: $13,420
Sales: $238.0M
LBRT
Price on
03/16/00: 82
Number of shares purchased: 305
Value of
shares on 03/16/00: $25,010
Price of shares on
09/01/00: 29.125
Value of shares on 09/01/00:
$8,883.13
Loss: $16,126.87
Sales: $28.0M
Disclosure:
Short term & long term BUY!
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Thanks for the chuckle. I assume you're joking
that we shouldn't be concerned because Avid
hasn't
lost quite as much value as the 4 other
stocks in
Munster's basket. Does Munster still
have a job? Great
picks, eh?
All in all, I'm hoping Avid recovers
to the 20s
by the spring. That would be a
dramatic enough
increase for me.- 1 Reply to wheresthefood
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about l4v's post? It's simply that the industry
has been weak, that far from all the usual
nit-picking about AVID's particular problems, they're in fact
doing better than their peers.
Do wish I'd
bought some PCLE, though...
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Since when was losing the least the object of the
game. I got a real belly laugh from this
A brain
dead corpse can still get a 15 point
return in this
market. Instead of looking for value you are most likly
looking for your stained undershorts!!!!!
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