ATPX: Lunn Industries and Technical Products Group merge. Message Board

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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.

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To: Sal D who wrote (1082)	12/8/1997 11:17:00 PM
From: Sergio H	Read Replies (1) of 1923

<off topic> Joe, I was going to e-mail you but your profile does not provide your e-mail address........ In April the CEO and the President resigned amid allegations of improper exercise of stock options and other matters. TRR is now undergoing major debt reduction and cost cutting efforts. They defaulted on a loan earlier this year and are renegotiating a new credit facility. It looks like the cost cutting measures have been succesful but their industry sector is under heavy govt. regulation and extremely competitive. The avg. daily vol is only 7,000 shares. The stock is trading at a discount to book value. There are currently no analysts covering the company. Institutions own 39%. Having survived the management shake-up and the success of the cost cutting efforts is giving the stock a lift. Sergio

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