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Strategies & Market Trends : Value Investing
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To: blankmind who wrote (13495)12/28/2001 2:07:06 PM
From: rjm2  Read Replies (1) of 78915
 
AMCE is pretty much an empty shell. Its a bet-the-jockey type play that I have been trading for years. Historically, anytime its fallen to these prices its proven to be a good buy.

And book will be closer to $1.90 after the IVCO merger goes through.

One of these days, AMCE will complete some kind of reverse merger or aquisition that will deliver lots of value to shareholders. And it trades BELOW CASH with no recurring significant cash burn.
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