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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (42455)	8/2/2002 10:25:34 AM
From: Triffin	Read Replies (1) of 53068

Re: Fishing with WEB .. Jubak says .. That’s why bottom fishers emphasize buying assets at extremely low prices. Getting a dollar of assets for 25 cents certainly minimizes the damage that will result if the investor gets it wrong. And buying at such a deep discount means that an investor can get a lot about any stock wrong and still make a profit. Too bad we can't do the same .. WEB almost never buys existing equity .. He tends to make 'loans' against specific assets in the form of dividend paying convertible securities .. netting him an above market nominal yield while he waits for a recovery in the business or eventual control of a specific asset when/if the business fails .. Good work if you can get it <gg> .. Wonder if he's already arbed off his exposure on the LVLT deal ?? Jim @ jealous-in-Ct .com

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