Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Dale Baker who wrote (18064)	9/22/2004 4:33:20 PM
From: RockyBalboa	Read Replies (2) of 18998

Re ALD the last word is not spoken yet and I perfectly understand that a short position may be kept for years. Remember PVN, ACF or my darling, Metris? It took 4 years but then the stocks took an 80% hair cut. Don't forget, in a bull market in particular with respect to corporates, ALD is a severe underperformer: During a timeframe where other issues sensitive to credit spreads multiplied (or also distressed hedge funds turned in between 80 and 100%), it mostly treads water. I had worse shorts myself... Even the most comparable company, Cit Group is pretty much ahead of ALD. finance.yahoo.com

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