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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (8055)	11/15/1997 8:25:00 PM
From: Rational	Read Replies (1) of 18056

Zeev: Now that we are on a different thread, I can be frank about CTYS (without hurting CTYS longs) to say that (IMHO) CTYS is in trouble and the price will fall quite a bit before it rises again. On Friday, it rose to 2 11/32 and then fell to 1 3/4 with a relatively small dollar volume. Their debt carries 12.75% interest, the loan loss is rate increasing, from a charge of $14 mil in the last quarter, they came to a charge of $90+ mil in this quarter, the book value is decimated, number of shares is going up dramatically and directors with more facts sold at ~2. Your criteria that it should touch $1 should apply before it becomes a tea leaf. Sankar

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