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Non-Tech : Am.United Global, Inc. (AUGI)
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To: Chuck Martin who wrote (2005)8/19/1998 12:09:00 PM
From: Mitchell B. London  Read Replies (1) of 2065
 
Watch the AUGI fireworks begin. The recent upward movement in mkt value reflects investor realization that this (very creative) EXTL transaction actually adds a lot of value to AUGI -- more than it might seem, and in a way which might surprise Rubin himself.

AUGI boosts its balance sheet by $4.5 million (30+ cents per share; eliminates negative cashflows, and ... has become quite attractive for acquisition. AUGI is now purely an asset play.

I find the situation very interesting. Earlier expressed opinions about inside deals notwithstanding, I decided to buy in. My company has been fairly aggressive recently in share acquisition, as have apparently, several others.



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