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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Albert Mou who wrote (2296)8/29/1998 2:25:00 PM
From: Sir Auric Goldfinger  Read Replies (1) of 18998
 
Oh really?:"I am sick and tired of listening to the argument of how wrongful of one-time write-off practice."

You'll be a lot sicker when you see any Company that you own that has used this too aggresively get sliced in half over the next few weeks. As so called "in for the long haul" investors are the only ones left holding the bag, they will find out that what is in the bag doens't smell very good.

Cockroach theory appies here: if they've got problems in one place, they've got more problems.
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