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Strategies & Market Trends : Value Investing

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To: anializer who wrote (25379)11/28/2006 10:04:27 PM
From: Paul Senior   of 78673
 
STRD hasn't done too well since they lost a big contract a couple years ago. Company really has never done well. I keep STRD on my watch list: I'd like to buy if I can catch the stock below cash. Cash/sh. keeps diminishing though.

I can only imagine that mgmt. would agree to a buyout below cash value, 1) if the fix was in and key managers get jobs or buyout agreements in the offer, or 2) there are some entrenched and costly obligations that would surface if the the company were to be liquidated (perhaps pension, labor, severance packages).
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