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Non-Tech : DEATHcare Stocks-Grim Reaper of Profits?
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To: HairyWho? who wrote (55)12/11/1997 4:29:00 PM
From: Bob Linhart  Read Replies (2) of 114
 
HairyWho,
Option related purchases don't excite me as much as market transactions. Chairman Ray is buying millions of shares of LWN on the open market. He is paying the same price as you or I would. As you stated He already has enough to block a takeover; if he wanted to. Perhaps he changed his mind about selling out and wants as many shares he can get his hands on to sell @ $45-50. Just speculation. But he is betting big bucks on the value of LWN. Thats makes me comfortable holding shares of LWN.
Good Luck
Bob
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