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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 (13357)4/28/2000 4:53:00 PM
From: Mad2   of 18998
 
MPPP got trashed today on a copyright infringment ruliing made today. Going for 7 bucks in the aftermarket. Companies got 5.5/share in cash (370 mil) in the bank and burns 3mil/qtr, off its high of 109/share. Leader in field, with a enterprise value (MV less cash) of 125mil.
This is a play on what will come out of the courts. Injunction due in two weeks with dammages to be determined later, followed by appeal, yada, yada, yada.
Worst case......well.
Better case......2-4X
A gamble, surely with perhaps a high payout.
mad2
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