Go to Jeff Salisbury LWGate Home Page.From: "Jerome Buckmelter" <jsjbuck@myexcel.com>
Subject: [CANSLIM] VRNT and new offering
Date: Mon, 26 May 2003 11:48:28 -0700
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I've noticed that VRNT has recently registered a public offering for
5,000,000 common shares. They currently have 3.98 million shares in the
float and 23.4 shares outstanding. Management owns only 3% (i.e., 700,
000 shares). What would be the status of the remaining shares? Could
they all be registered as stock options? Why would the company want to
double the float? Wouldn't doubling the float significantly diminish
the price per share? Should this action be considered negative for the
stock?
Also, Verint is owned as a subsidiary of Comverse Technologies which
isn't doing well in terms of CANSLIM criteria. What possible impact
could this have on the stock?
Lastly, a general question: once in a while I notice that IBD indicates
that fund ownership may exceed 100% for a given stock. How is that
possible?
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<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>I‘ve noticed that VRNT has recently registered =
a
public offering for 5,000,000 common shares.<span
style=3D'mso-spacerun:yes'> </span>They currently have 3.98 =
million shares
in the float and 23.4 shares outstanding. <span
style=3D'mso-spacerun:yes'> </span>Management owns only 3% (i.e., =
700, 000
shares).<span style=3D'mso-spacerun:yes'> </span>What would be the =
status
of the remaining shares?<span style=3D'mso-spacerun:yes'> =
</span>Could they
all be registered as stock options?<span =
style=3D'mso-spacerun:yes'>
</span>Why would the company want to double the float?<span
style=3D'mso-spacerun:yes'> </span>Wouldn’t doubling the =
float
significantly diminish the price per share?<span
style=3D'mso-spacerun:yes'> </span>Should this action be =
considered
negative for the stock? <o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>Also, <span class=3DSpellE>Verint</span> is owned as =
a
subsidiary of <span class=3DSpellE>Comverse</span> Technologies which =
isn’t
doing well in terms of CANSLIM criteria.<span =
style=3D'mso-spacerun:yes'>
</span><span style=3D'mso-spacerun:yes'> </span>What possible =
impact could
this have on the stock?<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>Lastly, a general question:<span
style=3D'mso-spacerun:yes'> </span>once in a while I notice that =
IBD
indicates that fund ownership may exceed 100% for a given stock.<span
style=3D'mso-spacerun:yes'> </span>How is that possible?<span
style=3D'mso-spacerun:yes'> </span><o:p></o:p></span></font></p>
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Next Article (by Subject): RE: [CANSLIM] VRNT and new offering "Katherine Malm"
Previous Article (by Subject): RE: [CANSLIM] usna, stcr Tomas
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