How to Play the Big Savings and Loan Lawsuit Message Board

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Non-Tech : How to Play the Big Savings and Loan Lawsuit

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To: Robert Northington who wrote (6)	7/2/1996 1:36:00 AM
From: Jack L. Dlugach	of 63

I've read a lot of different estimates on those warrants so it's anyone's guess as the final value. Since they don't have any underlying value except the settlement, I think there are better values in the actual S&L stocks. An S&L analyst on NBR tonight said the two best plays are Long Island Savings and Coast Savings (California). I've been holding GLN, bought the old stock @ 3/4 and then added the new @ 5, so that's been a good one. Analysts figure the buyout value of GLN is 30 and that one of the Eastern banks that wants a West Coast presence might pay that.

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