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Technology Stocks : AUTOHOME, Inc

ATHM 23.22

-0.8%

Dec 23 3:59 PM EST

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To: FR1 who wrote (29488)	11/30/2001 6:12:43 PM
From: E. Davies	Read Replies (1) of 29970

Question: If an agreement is made on paying off the bondholders (wiping out ~$700M+ of debt) could ATHM operate profitably. In other words, if ATHM was debt free at this moment could they operate at a profit? LOL. I think you miss the point. The money raised comes from selling all the assets of the company. Once that's done there is no business left. The only hope for us shareholders is to convince the debtholders that the best chance they have to get their money back is to block the sale of the network completely and reinstate ATHM as a going concern. This works to the benefit of everyone execept for T who's trying to steal the assets and the business. If the MSO's renegotiate to keep @home in operation then ATHM will be actually running at a profit now even before they shut down Excite. It would be an absurd travesty to let a profitable company with a respectable cash cushion fold, though I still expect thats what is going to happen. On an insane whim I bought 2000 shares of ATHM yesterday at .05. Call it my $100 tribute to the worst investment of my lifetime. Eric

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