Pillowtex Corp. - PTX Message Board

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Non-Tech : Pillowtex Corp. - PTX

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To: Return to Sender who wrote (7)	11/4/1999 4:25:00 PM
From: Mike MacNaughton	Read Replies (1) of 27

I've owned this stock at $30 at $15 and now at $9 and I've bought more at $4. The debt is staggering but nothing really has changed in this company since a year ago. They announced the plant upgrades and the surplus product discount programs and then did exactly what they said they were going to do. Mary Silverthorn here in Dallas has bought shares even as the company stock price has fallen (see insider trades). Fundamentally this company is strong and they have taken all the financial hits in 1999 to make the year 2000 a strong one. I am long on this company as an investment...we all need blankets and pillows...I hope it's a cold winter! Mike

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