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Non-Tech : Essex Bancorp - ESX - .10 book value - Turnaround?

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To: Ben Geh who wrote (6)9/24/1997 2:15:00 AM
From: Ian Malone   of 22
 
I shorted ESX at 4 5/8, I think it will go down to around 2. The incredible rise in its price could not be explained by management, and as someone else stated, the common stock has zero book value. It has no growth potential, and it seems like the recent run up was just irrationality (I'll spare the exuberence).

Ian Malone
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