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Message Boards Settings Endwave Corporation (ENWV) - Quote Info
Re: stock seems too cheap way     27-Oct-09 02:06 pm    
The cash was originally meant to be used for strategic acquisitions by Endwave. However when they began to sustain large cash operating losses, they actually sold their most promising division (defense) because the preferred investor did not want the cash used to pay the monthly burn rate. That action bought management another year of salaries. That's also why those posting about the cool airport scanner or pending military orders have missed the boat - that business is now part of Microsemi Corp. Endwave still has a small telecom business left. The problem is the rest of the cash is a preference which gets paid out to that class of stock on any wrap up of the business.
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mactrellis


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  Subject Author Rating Time of Post (ET)  
 
The company has $5 in cash and I thus think even with n...
topa12389 (1 Rating) 26-Oct-09 10:31 am  
 
all is not as it "seems". The cash that is left i...
iguramo Rate it 26-Oct-09 01:45 pm  
 
missed a gear in your chain of thought. preferred...
hedge_babe Rate it 26-Oct-09 03:54 pm  
 
so i stumbled onto ENWV while doing some scre...
guppy_in_a_... Rate it 27-Oct-09 10:51 am  
 
I suggest you go back a few months on th...
xhybr Rate it 27-Oct-09 01:17 pm  
 
with earninsg due today it may get ...
guppy_in_a_... Rate it 27-Oct-09 01:45 pm  
 
Re: stock seems too cheap way
mactrellis Not rated 27-Oct-09 02:06 pm  
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Endwave Corp. (ENWV)

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On Dec 30: 2.36 Up 0.02 (0.85%)
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