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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (17808)10/7/2003 7:19:48 PM
From: Wallace Rivers  Read Replies (1) of 78476
 
Hi, Paul;

I see that DRD has, unfortunately, taken a step backward. You may recall I was a buyer of CVS - since sold, too soon :>( You've gotta believe that DRD, with its Manhattan location, is worth more than its current quotation, if for no other reason than someone else scooping it up, albeit at a lower price, what with the fundamentals deteriorating. And, the poorer the quarterly results, one could conjecture the more likely the company is to be acquired. It is periodically mentioned as a takeover candidate.

No position now, just looking.
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