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Strategies & Market Trends : Value Investing

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To: Michael Burry who started this subject	10/30/2003 12:25:14 AM
From: Paul Senior	Read Replies (1) of 78751

Ha, like old girlfriends I always say... some of these stocks just keep recycling back into your life. This time it's former thread favorite and cigar butt, Fab Industries (FIT). Per Yahoo, book value is $9.45/sh. with cash/sh. of $5.84 and no debt. Stock closed today at $4.76/sh after touching a new annual low. I see there's a management cash buyout offer that was made last week... for $3.75/sh. Lol! If one believes management's offer is firm and realistic and maybe achievable, then the stock has good reason to drop to that $3.75 level. OTOH, there's that nice chunk of change plus the crummy business itself that management gets for free if they can push the deal past the board of directors and stockholders. Anybody again here with an opinion to share on this thing?

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