York Research (YORK) Message Board

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Non-Tech : York Research (YORK)

YORK 10.82

+4.9%

Sep 5 3:59 PM EST

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To: Mark Johnson who wrote ()	9/16/1998 10:31:00 PM
From: Gunther Karger	Read Replies (1) of 800

Proxy filed today Anyone wishing to receive our comment who has yet not sent us their email address, may do so to receive our comment. We emailed out our comment this evening. Current status of York is: * Stock is 30% discount to book value * PE at abut 10 based on trailing earnings * $27 million cash which is about $2/share * Texas & Trinidad fullly funded with construction on target * Listed in Fortune Sept 28 issue "America's Fastest Growing Comps * Company exited its unprofitable electricity marketing business and will take a $7 million charge in its 2nd qtr to account for this discontinued business segment. This charge will be taken against all other business segments which are profitable. Operating profit is expected to be reported with the $7 million charge as a non-operating writeoff. * Stock seems to be washed out with hopefully margin calls and investors selling out in a panic reflecting inadequate communications from the company. Should see a rise over next weeks in advance of the Anual Meeting Oct 15. FYI, GK

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