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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Andrew Spurlin who wrote (1284)3/25/1998 4:24:00 PM
From: Mr. Pink  Read Replies (1) of 18998
 
Apria Wednesday. Bad news.

Today Apria disclosed that it is suing JLL for breech of contract for failure to complete its purchase agreement.

Sales at these levels would not be prudent as the company is trading at under 7X a depressed cash flow level estimate of $150MM.

Mr. Pink sees todays drop as a buying opportunity.

Mr. Pink
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