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PCM, Inc. Message Board

  • justcheckingagain justcheckingagain Dec 12, 1998 1:01 AM Flag

    MALL to take-off again!

    After a couple of research, MALL will take-off
    again. Why, MAC PC is selling like hot cakes. MALL sells
    Mac products/accessories and SUNW's JAVA will cross
    window-MAC bridges.

    Hey, UBID is a brand name action.
    Although, I'd like UBID to get married with ONSL or
    firstauction, to save $$ and increase profit margin that beats
    and surprises analyst.

    HAPPY HOLIDAYS!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • UBid has market cap of 325m based on Friday's
      close.
      MALL owns 80% of UBID.
      MALL's maket cap is 220m
      based on Friday's close.

      MALL current market cap
      =
      MALL market cap before UBID's IPO
      + UBID
      market cap x 0.8

      Right now MALL has less market
      cap than UBID.
      The number doesn't seem right to
      me.
      Could anyone give me teh reason? Thanks.

      • 1 Reply to TheTurtles
      • <<UBid has market cap of 325m based on
        Friday's close.
        MALL owns 80% of UBID.
        MALL's maket
        cap is 220m based on Friday's close.

        MALL
        current market cap =
        MALL market cap before UBID's
        IPO
        + UBID market cap x 0.8

        Right now MALL has
        less market cap than UBID.
        The number doesn't seem
        right to me.
        Could anyone give me teh reason?
        Thanks. >>

        What is everyones damage here?
        I'm sorry to be so crude but I just don't see what
        the problem is with the math.

        CCI doesn't own
        anything! Those shares are to be distributed to MALL
        shareholders and CCI isn't any richer for holding them now.
        You may as well say CCI is holding them in trust.
        They are not theirs to do with what they please. UBID
        shares are not an asset to CCI they are a future asset
        for MALL shareholders. MALL is not going to track
        UBID at .80 * UBID + 10 (for MALL). Anyone with brains
        would not buy MALL if that were the case. Why buy at
        that rate? You would gain nothing on distribution.
        MALL would fall like a rock on that date and you'd be
        at even money. MALL will fall closer to its true
        valuation every day and will crash to that number the day
        after the distribution date is announced. Chances are
        very good that the record date has already passed so
        buying MALL now will not assure UBID shares.

        If
        you own a house that you are under contract to give
        away in 6 months you certainly can't use the value of
        that to secure a loan based on your net worth if the
        bank knows you won't have the house in 6 months. Hence
        the falling price of MALL...duh...

 
PCMI
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