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Strategies & Market Trends : Z PORTFOLIO

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To: John Solder who wrote (5573)	11/3/2000 6:06:46 AM
From: Ron McKinnon	Read Replies (2) of 11568

FNV based on last nights PR my guess: -after months of work there is no buyer for the company -they will meet earnings estimates as with only 12 days to go they did not warn -the ax men have been retained to try to: cut costs and sell or liquidate selected business segments/portfolios that have no go forward value in order to raise enough liquidity to meet the next debt refunding -the dividend will be eliminated to preserve capital if the above is done well then there will be a smaller, viable portfolio focused business that can either then be sold or run on a go forward business thus, my guess that the thought of a sellout for 8-12++ is now gone, and I'd think it will trade in a range of lets guess 3ish to maybe 5 or so for the next three to six months but then again, based on my track record on this pig, what the heck do I know for the Z I should sell my positions soon at a loss and we should keep Sue's

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