Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.565

+0.3%

12:07 PM EST

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To: Bill Wexler who wrote (5776)	12/29/1999 6:03:00 PM
From: Bill Wexler	Read Replies (1) of 10293

Clarification on FTR... I may have sounded a bit too hysterical so to clarify... When I said there is a real chance, it may have been misinterpreted as "very likely". This is wrong. I should have said there is certainly a possibility the company may go out of business. Insurance business has been horrible in 1999. However, If the company remains viable, and the industry recovers (which I'm sure it will...since I seriously doubt that insurance companies are ever going away), I believe the stock to be very grossly undervalued. In a consolidation, the company could be purchased for 2x current book (now around $5.00 a share). Perhaps a greater risk is that this may be dead money for quite some time in a market where there are certain stocks ramping 50 or 100 points a day.

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