Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: rjm2 who wrote (11118)	9/7/2000 5:56:08 PM
From: Allen Furlan	Read Replies (2) of 78714

rjm2, thanks for your list of net nets, will research. Because of your interest in diyh you may be interested in looking at waxman. Plumbing distributor in Bedford Hgts Ohio selling for .19 . Here is the interesting story. Wlmr successfully bought out in lbo, now trying to buy bntt for 13.15 cash. Waxman owns 44% of bntt and has agreed to tender. Their share of the cash will allow them to pay off their most senior debt and they will submit plan bankruptcy court to liquidate more junior debt at a discount. If merger goes through it looks like waxman could come out of bankruptcy. Two years ago waxman is probably where diyh is now. I have sent for investor package but not yet received. Would be interested in your assessment of this crap shoot.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next