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Strategies & Market Trends : Roger's 1997 Short Picks
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To: NYBellBoy who wrote (4873)8/22/1997 10:46:00 PM
From: hasbeen101   of 9285
 
BellBoy, I think the Pyramid acquisition shows that Larry Martin and DDIM appreciate the fact that their stock is overvalued, and are seeking to capitalise on that. If they can use their overvalued stock as currency for buying real companies, they are getting a huge bargain. If DDIM is worth only $5 a share, that means DDIM can buy almost anything it wants at a discount exceeding 80%.

The more over-valued they are, the more they can make abnormal profits with this latest tactic. If they keep doing this, they might eventually justify a higher valuation. Larry Martin is obviously clever and resourceful; I think it's dangerous to bet against him.

PS I am NOT saying that the current DDIM price is at all justified.
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