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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Crossy who wrote (3745)	8/14/2003 5:16:28 PM
From: Michael Young	of 37387

Crossy have you looked at WRNC as a post BR play? The value guy on realmoney mentioned it positively today. Here's an excerpt from his comments: "I see that Commerzbank AG bank sold their entire stake in Warnaco (WRNC) . . . The bank took a 9.42% equity stake during bankruptcy (a swap for debt), but like a lot of bankers, they have no idea how to value a publicly-traded equity, so they sell to get it off their books. As I mentioned on K&C, no major analyst will touch Warnaco, though they covered it all the way into bankruptcy."

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