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Pastimes : Georgia Bard's Corner

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To: Ga Bard who wrote (1152)5/1/1998 5:30:00 PM
From: Crossy  Read Replies (1) of 9440
 
Shells / Bankrupcies: Case study LOTS

Sometimes a Reorg (not a shell play) is highly succesful on its own: This was a 10bagger. Formerly called 50-OFF Stores now Lot$OFF. Ticker changed from FOFF to LOTS. Fully reporting OTC. You are right. It pays to dig deep..

Floor was 0,75 on this one. Now big-name institutionals are onboard of this: AXA, Chapman Capital and the like..

And the best thing here: the company isn't even very profitable. Just emergence from bankruptcy and solid positioning on the market was rewarded with a 10bagger. Wow !

best wishes
CROSSY
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