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Strategies & Market Trends : Value Investing

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To: TimbaBear who wrote (12062)2/17/2001 4:49:06 PM
From: Allen Furlan  Read Replies (2) of 78688
 
Timba, rjm2. Interesting insights on clhb, thanks. I talked to cfo about bond refinance and received no insight on the long time interval being taken. That was my main concern and I have only 1000 shares bought to force me to follow progress. If refi is successful I think the company is in right sector with opportunity to exploit miserable performance of peers.
Since you two are great at taking a financial report apart you might be interested in looking at alterra health care 2002 bonds going for 25 cents on the dollar.(ali-a). I bought at 50 cents on the dollar last year and am encouraged that some investors much more astute than I have put more money into the company. Very bad dilution for stock holders and kicks my bonds down a peg based on liquidation preference. Even so I find it hard to believe that I will be zeroed out in 1 1/2 years. Question what is risk/reward?? Four bagger or zero and what is probability on each scenario.
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