Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.570

+0.6%

Nov 10 3:59 PM EST

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To: Bill Wexler who wrote (2768)	8/3/1999 1:17:00 PM
From: Marconi	Read Replies (1) of 10293

Hello Mr. Wexler: WDRY Just saw Alex Brown recommending a buy on Coinmach Laundry biz.yahoo.com and note the 75% non-float includes Alex Brown in on the 1996 IPO at $19.75/sh (4MM, 2.7MM by AB). yahoo.marketguide.com Seems gratuitous. WDRY continues to destroy shareholder value with ruinous (non-economic) acquisitions using debt. Trading in 12's. If market tanks, I suspect this one should go south with it. WDRY traded around 5 last October in the brief rattles of 1998. Still I would prefer to short at a higher price. I don't see a trigger effect possible other than a market correction and quarterly reporting. WDRY remains on my radar. Best regards, m

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