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Strategies & Market Trends : Value Investing

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To: Mike 2.0 who wrote (7471)	6/8/1999 10:48:00 AM
From: Bob Rudd	of 78722

Mike: <<...so take my comments with a grain>> You hopped on to the idea that grain was a pun way too soon. I'm not that clever. BREW... At this point I'm disinclined to bet on merger consummations. I just tend to think the fellow on the other side of the trade knows the odds better than I because I haven't studied the methods and wouldn't put enough into the individual situations to justify the research. The maximum reward would be 11%...not bad if the deal closes quickly at about that price, but if buyout of BREW goes flat... It looks like it was trading a bit above 5 when the deal hit. That's 40+% downside for 11% upside. Not odds I like in a game I don't really know how to play. But thanks for the heads up, bob

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