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Microcap & Penny Stocks : Fruehauf FTCFQ

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To: Field who wrote (34)4/6/1998 11:09:00 AM
From: Tom Shutters  Read Replies (1) of 74
 
Karen, here are the Forbes articles.

forbes.com

forbes.com

Let me say that although I am excited about the possibility of all the great Fruehauf shareholders making some money, I am very skeptical at this point. This is a stock that you can learn to love because of the big trailers out there on the open road, but those trailers are not being built or serviced by Fruehauf. Keep in mind that the Fruehauf listed on the Wabash page is not the same corporation as FTCFQ.

What assets does FTCFQ own.

The Mexican branch which owes them money (why?) and shares of Wabash which they are forced to sell to pay the bills.

I hope that FTCFQ comes out of Chapter 11 and goes into some type of business. Since all the current employees are new employees and the office is located in California, what might that business be?

One piece of advice. If the company decides to call the shares in, they will simply disappear from your brokerage account. I owned 6,000 shares of Allerion on one day and the next they were gone. So if you are investing to hold, take physical delivery of your stock. This might also have a secondary effect of causing shorters to cover.

Good luck to all.

Tom
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