Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: jlib who wrote (71134)	5/10/2001 12:11:08 AM
From: peter michaelson	Read Replies (1) of 122087

Jimmy: Finally have read enough on MTNT to realize I got very lucky this afternoon on my short-term investment. I sold my MTNT within an hour of buying it. MTNT holds about 15 million shares of XMSR, or less than $200 million worth at today's prices. MTNT also has about $500 million of debt (indpendent of XMSR's debt) and is still bleeding a lot of cash. MTNT invested over $800 million in the XMSR operations over the years, and the associated debt is not included in the $500 million figure above. Whether MTNT is worth anything at all depends on XMSR recovering in price a lot more than it has done these past few weeks, and depends on whether MTNT's remaining operations can become cash-flow neutral. All way too risky for my taste. If you like the XMSR business, better to buy XMSR, IMO. Peter

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