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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 (11800)10/30/1999 11:29:00 PM
From: Mr_X  Read Replies (1) of 18998
 
thank you, Sir, for your response. I felt the same way. Looks to me that net income is being manipulated DOWNWARD for some reason - there are some shaenanigans going on in the depreciation and amortization accounts it looks to me. Best I can figure is that the CEO, Stiritz - has a going private at an absurdly low price sort of strategy working.

Is Stiritz a Crim? This concern has kept me out of Maxxam for many years - no matter how cheap it looks, you just know Master Drexel Crim Hurwitz will steal the value.

Do you see the parallels, or am I just paranoid?

Mr. X
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