Thursday, January 28, 2010

What a bargain!

Here is some posts from RMBS board of Investor Village:




From Poster Donewithpunting

I AM DAMN EXCITED

Folks
We can always criticize,every one will always think that they could have done a better job.I flapped my lips for 4 years blasting ELN management,venting felt great but the pps is @ 7,70 so i gave up pissing in the wind
Rambus is now sitting on circa 1/2 billion dollars, it takes awhile for that to sink IN.
130 million in debt will be retired or converted,results finalized in 48 hours
Sammy was the 1st domino to fall, we ALL know how dominoes work
IF the pps never gets to 100 and levels off @75 would you send Rambus a Christmas card?
My macro view on the market is I am waiting for it to roll over and drop dead BUT
even in a dead market certain grossly undervalued stocks blossom like there's no tomorrow
YOUR years of disappointments are behind you
i recommend picking out your new house and cars,don't buy'em yet but get ready to
This place should turn into Disneyland quicker than most think
i am so perfectly positioned for a tax bill that will balance Uncle Sams budget
hope you are as well
YEP, my friends I don't get emotional about stocks but i sure got a hell of a gut feeling that this baby
will reach puberty in a speed lightening fashion
TAKE ADVANTAGE OF A GROSSLY MISPRICED ASSET
this is the true way to make a fortune on FILTHY WS
buckle up and enjoy the ride
Cheers
DWP

Reply from respected LTL NukeJohn:

"Rambus is now sitting on circa 1/2 billion dollars, it takes awhile for that to sink IN.
130 million in debt will be retired or converted,results finalized in 48 hours"
You better check your math. Last quarter they had 500 million....now with 400 million more from Samsung, they have 900 million. They also have a court verdict against Hynix with damages. Hynix currently owes them 460 Million (and it is increasing at about 15-20 million per quarter based on the 4.25% rate on US Sales). So, Rambus has over 900 million in cash as we speak, and will soon have over a 1 Billion in cash even after they pay their convertible bondholders.
JMHO,
NJ

Interesting stock, isn't it? Do your own DD please.

1 comments:

  1. Crazy sell off and violent up and down are facts of life in this stock, you do need a seat belt BTW! :) Buy low while you can.

    ReplyDelete

Please be civil to each other even if you disagree with a passion. Thank you. No personal attack will be allowed.