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Zeev Hed

03/01/04 9:12 AM

#211504 RE: langostino #211493

Except valuation, when you use DCF you value the company at what multiple of such a DCF of all future cash flows? If you can get a "safe" 5% rate on treasuries, then you "demand" a 15% on risky equities, the market is now "demanding" $3.7 B (SNDK market cap) vs a model of $1. I just think that this model is not an effective measure of SNDK.