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Strategies & Market Trends : Value Investing

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To: Dale Baker who wrote (12656)	6/16/2001 12:49:53 PM
From: jeffbas	Read Replies (1) of 78627

I basically agree with you on LPAC. However, for the seller to have taken $2.50 (instead of holding, or trying to acquire at a price above $4) you have to either assume they needed the money for some other purpose or that they did not see the long term prospects as extraordinary. Nobody with any brains sells a future $5-10 stock for $2.50 unless he has to. Therefore, while I agree it enhances shareholder value, it MIGHT be a negative comment on the longer term outlook, and it IS a negative point on the possibility of a takeover..

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