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xxrayeyes

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xxrayeyes

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Re: EZ2 post# 12551

Thursday, 10/10/2002 9:07:57 AM

Thursday, October 10, 2002 9:07:57 AM

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With a Net Tangible Book Value of about $4.20, it is a bit overvalued. Never pay more than 2 times Net Tangible Book Value or you are paying too much. I think this fact is evidenced by recent insider trading.

http://biz.yahoo.com/t/i/ide.html

It is less than a million shares but still all sells. It doesn't matter why you are buying, whether it is for short or long term purposes. Don't pay over 2X NTBV. They have a lot of things going on right now but until the NTBV becomes more in line with the stock price, it isn't worth the risk.

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