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#	AUTHOR DATE SUBJECT
15	member 10/31/03 2:17PM Very Disappointing
Backing out the net cash, they're only getting about $6.6 million, or roughly 0.44 X sales, an absolutely horrible price for a debt-free profitable company like this. Also, read the quote below FROM POLYMER... login to read the rest view available tags
14	member 10/29/03 10:03PM A little disappointing
I think we are all disappointed in the buyout price, not even a premium to market here. Any thoughts? -- Doob view available tags
13	member 10/20/03 3:43PM Pretty good
But all i know is that there will be news coming out within the next few days concerning timing and pricing. So i think its a go. Again, not a 100%, but i view available tags
12	member 10/18/03 6:32PM Doob
How reliable is your source? view available tags
11	member 10/18/03 2:07PM Soon
I hear we may be hearing some news regarding the buyout soon. -- Doob view available tags
10	member 8/15/03 5:47PM Buyout price, Chemcraft
Peerless had 15m in sales a few years ago, so at 9.8m they were apparently on the downhill slope. Probably didn't cost Chemcraft much. Chemcraft could pay a premium based on the money they'll save by... login to read the rest view available tags
9	member 8/14/03 4:28PM Response to doobadoo802
You bring up some good points. Clearly, PYSU's operations should be more profitable as a part of Chemcraft, compared to stand alone, for the reasons that you cited (i.e., the elimination of overhead expenses);... login to read the rest view available tags
8	member 8/13/03 3:21PM Technicals
Thankfully the technicals don't look bad. That is we are not seeing a huge supply show up on the market, and a large number of trades on the bid. B/c this is such a small... login to read the rest view available tags
7	member 8/13/03 1:18PM Reply to doggy835
I'd be surprised if PYSU management settled for $1.00 per share, as this would only be about $0.91 backing out the net cash, or 0.63 X revenue. That's far below the typical price that... login to read the rest view available tags
6	member 8/13/03 1:02PM Reply to doggy835
view available tags
5	member 8/08/03 3:55PM Price
Hard to call this one. PYSU revenue has been flattish for 4+ years. Operating income has been sliding, and went negative last quarter. It's a cash buyout by another small player (Chemcraft approx 50m sales).... login to read the rest view available tags
4	member 8/08/03 2:32PM Price
Am I the only one who thinks its odd that the ask is still .72 or so. I am a bit suspicious that we havent seen more price appreciation. Is it the spread... login to read the rest view available tags
3	member 7/25/03 10:25AM I agree
As the author of the second write-up of Polymer (when posted I didn't realize you had originally posted the idea), I agree that even at .70 cents the company is worth more. PYSU is a... login to read the rest view available tags
2	member 7/25/03 9:55AM Why a 5?
pdblb good job with this one. I remember thinking about buying some, back at the recomendation price .35 or so. Never thought I could build up a meaningful position and the thought... login to read the rest view available tags
1	member 7/24/03 11:51PM Congratulations
Hi, Pdblb -- I'm glad to see that this is working out for you. Thanks for your help in our prior discussions of the idea. Yours, Bowd view available tags

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			2003	2004
Price:	0.70	EPS
Shares Out. (in M):	0	P/E
Market Cap (in $M):	7	P/FCF
Net Debt (in $M):	0	EBIT	0	0
TEV (in $M):	0	TEV/EBIT

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