Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (10270)	7/5/1999 9:16:00 PM
From: Mr_X	Read Replies (1) of 18998

Mr. Pink- Where are you? Your minions are starving. Mr. X hears many interesting things from some moles in the Garden State regarding that giant turdball, Hudson Savings. Things have gotten so desperate that they have enlisted all the thrift/bank/sub-prime lender bucketshops (Friedman Billings, Ryan Beck, Sandler O'Neil, etc.) to peddle all the shares the depositors so wisely refused to buy. Seems as if now it comes deep in the hole, at the minimum allowable price. Although the share price is still nominally $10, the balance sheet is rejiggered so that its only 85% of book. What are Mr. Pinks thoughts on Hudson now? Shares should be available for the asking at $10 from your friendly neighborhood bucket shop. Mr. X (His Jersey roots run deep)

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