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Strategies & Market Trends : Resource America (REXI)

REXI 9.780

0.0%

Sep 9 5:00 PM EST

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To: Tom Murphy who wrote (37)	8/28/1998 6:46:00 AM
From: Mr. Pink	of 220

A share repurchase would only exacerbate their problems. The IBM leasing deal is either on hold or dead and the next step will be copious shareholder lawsuits. Don't forget the bonds that some knuckleheaded and ignorant analysts are crowing about being upgraded by s&p are offered at 80 or about a 17% yield implying minimal option value to the equity. Fast Eddie "Chef Boyardee" Cohen has got big problemas. Mr. Pink

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