Mr. Pink's Picks: selected event-driven value investments Message Board

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

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To: Doo who wrote (2175)	8/25/1998 7:52:00 PM
From: Mr. Pink	Read Replies (2) of 18998

REXI is worse than Mr. Pink thought. Management lied on conference call today claiming that company complies with FAS 125 and EITF 89-4. A close reading of EITF 89-4 (in conjunction with FAS 91) reveals that it does not comply with GAAP. This Pig should be shorted. Reiterate sell recommendation and downgrade to Triple Turd With Flies. Mr. Pink

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