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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (10145)	3/8/2000 10:11:00 AM
From: James Clarke	Read Replies (3) of 78566

Yeah, I'm mad and slowly going insane with this market too...but then something happens that just makes you laugh. I purchased Jackpot Enterprises (J) late last year simply because it had $8 of cash on its balance sheet, no debt, and traded for $8. Aside from the cash, it had a simple slot machine route worth $2-5. Today's Wall Street Journal has a story that the company is now going to jetison the slot machines and become an internet venture capital fund. Stock now over $20 a share. Its been a while since I got this lucky.

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