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: SteveJerseyShore who wrote (12834)	2/15/2000 12:58:00 PM
From: Mr. Pink	Read Replies (6) of 18998

Mr. P$nk, in HIs infinite wisdom has exited the cave and is now descending from the mountain top. Although He has neither eaten nor slept nor drunk nor scratched in several days, He is feeling fine, clear headed and decidedly inspired. Indeed the oracle spoke to Him and this is what she said: Mr. P$nk should bring to the attention of His wretched flock an interesting undervalued situation in the shares of ALSC--Alliance Semiconductor. Key Points: company trades below after tax value of its public holdings, UMC Semiconductor and Chartered Semi both of taiwan and Broadcom in US. Company has venture capital with all kinds of goodies in it. Although only $20mm invested, probably worth much more. wink wink. Company has excess foundry capacity which it can use to entice target companies. Company's core SRAM and DRAM business is on upswing. New networking IC product could cause street to take notice and award bigger multiple. Current Valuation: After tax value of public holdings $19 venture investments 5 Core Chip business 4X rev 9 Total 33 Holding Company Discount (6) --20% Mr. P$nk's price target $27.00 Upside to the number if people award premium multiple to company for their ability to make early stage investments a a la CMGI. Mr. P$nk Not a stock purchase recommendation but opinion only. Mr. P$nk may be long or short at any time and reverse his position at any time. For entertainment purposes only. Keep in mind Mr. P$nk is a deranged individual and sometimes dangerous. He has not taken His medication in several days.

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