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Strategies & Market Trends : Value Investing
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To: rjm2 who wrote (13475)12/23/2001 10:26:50 PM
From: Madharry  Read Replies (1) of 78688
 
I fortunately made and then unfortunately lost a lot of money in this stock. It used to be run by an MD, who made one good deal -he sold stock for around $125MM to some budding asian internet conglomerate- but I could never get a straight answer as to what commitments were made to that corporate investor in terms of future support. When I followed it the company had three businesses. They discontinued two of them and decided to sell the third. It was not clear to me that any of the businesses were viable but hope sprun eternal and they had the cash. I dont know that anyone will buy them except for stock with the idea of looting the company in one way or the other.
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