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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (4443)	7/21/1998 5:08:00 PM
From: Roger Thrash	Read Replies (4) of 78676

Here's my latest obscene value play. Book value $1.10. NCA.. 89.5 cents. Cash per share 60 cents. Cash less ALL liabilities...44 cents. Company has been around a LONG time and is running right above break even. Insiders own about half and have bought twice in the last year. at 29-44 cents. Really, really puny marketcap. I bought stock today at 36 cents (depsite a huge spread).Oh and its a bb stock so I have no illusions about it being a short-term play. Sorry I cant give the name of this little honey. I'd like to buy a bunch more. Perhaps one of you can figure it out. Or comment without the name. I still cant believe more of you are not interested in FLYT. Trades at about HALF of cash with a boatload of NOL's which would be VERY valuable if they aquire a profitable business. Seems like a low risk play for this crazyily valued market.

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