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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Peter V who wrote (14177)9/28/2000 12:12:51 PM
From: Mr. Pink  Read Replies (2) of 18998
 
Perhaps Mr. Loeb, who manages a top rated hedge fund, (and is said to be quite handsome, charming and kind to small animals) determined that the bonds are a good relative value to the hyper-inflated stock and he purchased the bonds as a hedge. Furthermore, he might be upset that the bank deal, by giving a security interest to the banks in CIHC, has degraded the value of certain long-dated public debt.

This is all conjecture since I do not know what Mr. Loeb was thinking.

MP
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