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Non-Tech : TJT Inc. (AXLE) - Undervalued Special Situation
AXLE 0.2800.0%Jun 24 5:00 PM EST

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To: Walter Fabisiak who wrote (56)1/9/1998 6:42:00 PM
From: JOHN E.DAGGS  Read Replies (1) of 192
 
Walt
I think everybody is running scared over the complete market scene
from asia to Texas. Axle has had fair volume the last few days while
going down. Sellers out number buyers, but I am not sure why.
I do not think the tax season and the Touluca Pac. thing has any
thing to do with it. I have been searching for answers. May be a
good time to give Scott Beechie a call. I am concerned about their
legal difficulties and investigations. HUD and IRS, as well as the
case mentioned in the Dec. year end SEC filing. I cannot see any
problems with HUD and the IRS, but the other case I know nothing
about except the filing. First quarter earnings should be within the
next few weeks. Maybe they will shed some light. I hate to just keep
buying and watching how dumb I have been. Better days must come. I hope Ed
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