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Monday, May 28, 2001 11:26:12 PM
and I happen to broadly agree with his assessment...
http://ragingbull.lycos.com/mboard/boards.cgi?board=SEVU&read=34993
I am heading out for the day but do you even know how badly Raytheon mistated revenues and earnings in the early 80s? We are talking 100's of millions in profits actually being losses over a long long time frame and the resulting shareholder lawsuit got the shareholders nothing but those who bought shares in the middle of all the hoopla at a discount made their money back and then some. If CSCO and MOT adopted procedures for booking revenues in a more fair and accuarate manner you would see massive rewriting of the books. The outstanding shares I know within a relative amount ie 1-2 million shares and I will call the stock transfer agent tomorrow to confirm an exact amount but a relative amount is enough to calcualte a relative value.
The very fact that people on this board are concentrating ONLY on the negative and there is plenty of negative out there.lol makes me even more confident in investing here as I am convinced that all the sellers have been washed out. There is alot of negative here but also potential in this company with a new management team in place and right now everyone is concerned with only the negative and that makes this a good time to buy. When people are talking about SEVU back to 20 dollars in a few months with some positive developments that will be the time to sell.
Magic
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