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Strategies & Market Trends : Value Investing

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To: Daniel Chisholm who wrote (4937)	9/3/1998 12:11:00 AM
From: Paul Senior	Read Replies (1) of 78813

Daniel C. re: FLYT. I bought a small position after it was first mentioned on this thread. I don't at all like that FLYT are going into the dry cleaning business. At this point though, I will vote for management. All these net-nets are weird IMO. That's why I think it's a statistical game--you've got to own a bunch of them to make money (But a bunch of people on this thread might very well disagree -g-) And as you know, it's still hard to find many net-nets in this market. Yes, cash on hand exceeds stock price for FLYT; whether or not management will fritter it away, we don't know.

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