Tuesday, November 18, 2008

Strangeness

From Nov. 14:
Sun [Microsystems] shares were trading at $4.11 at mid-day, putting the market value of the company at about $3 billion, a little less than what Sun has in cash on hand.

Is this only mindblowing to someone as naive as I (am) [I have to do that to check my grammar.]?
On the one hand it might mean that you could make a "little" profit if you were to get a loan (hahahaaa! flaw number one) and buy the operation, take the cash on hand and run off to, uh, well, to flaw number two.
On the other hand it points out that the problems here and now are beyond the merely monetary otherwise Sun's board could do just that: take all the cash on hand and give all the assets to Goodwill. Don't forget to get a receipt.


Along those lines I have an ad campaign for J&B (or whatever your preferred midprice brand might be): A Holiday Gift that is 40% recession-proof/Vol.

1 comment:

Karenn said...

Dude -- The problems are WAY worse than that and the Board, well they're what's known as "FOS" (Friends of Scott), so not going to do anything that would help the shareholders.

This describes the whole situations pretty well (and involves puppets!):

http://seekingalpha.com/article/103259-the-new-plan-to-save-sun-microsystems-warning-puppets-involved?source=yahoo