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Non-Tech : BYDS

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To: Andrew Vance who wrote (66)8/6/1997 8:43:00 PM
From: SMF   of 152
 
AV--I bailed out at 2.5 this morning after I read the press release. The amount of the loss combined with the statement that sales fell below expectations in ALL their lines save one--and all this coming at what is expected to be the "better" part of their year--Well, as you know, I was going to hold on to this till the bydder end. Not because I'm a martyr, but rather because there was so little left of my original investment that I really did think that there was little risk left. I was wrong. Maybe someone will buy the good value of the name. I think not. This is too close to Chapter 11 for me.

--Steve
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