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Non-Tech : E4L, Inc. (NYSE: ETV)
ETV 14.22+1.0%4:00 PM EST

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To: Carl Dee who wrote (132)6/9/1997 2:42:00 AM
From: Todd D. Wiener   of 1080
 
Carl-

First Call now says that NM should release Q4 results around 6/23. By law, they must release results before the end of June, or whatever date is 90 days following the end of FY1997. Hopefully, the stock will regain some life after the release. The company has been very quiet recently. I think the stock's poor tone reflects general anticipation and uncertainly regarding the imminent press release, wherein we'll see the extent of the write-offs of overvalued assets.

From that point forward, I can't see any negative news, since it's obvious that the near worst has already happened. Let's hope that Safeguard gets the job done quickly and sells NM for $20+.

In the meantime, I've found a good way to rationalize holding NM. I just try to tell myself that it's a value play. The company is clearly worth at least twice its current value. And if NM can string together 2 strong quarters (Q1 & Q2), it might fetch 3x today's price.

Who the hell knows anymore?!? I'll be glad when the whole thing is over. But I have never sold any shares, and I now have 3x the amount I had about 7 months ago.

As always, I'll post any info. whenever I see it.

Todd
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