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

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To: RockyBalboa who wrote (3383)9/30/1998 12:23:00 AM
From: Ken Brown  Read Replies (1) of 18998
 
Name games.

Anybody remember (or even hear of?) the mixup last year between Swisher Intl Group (SWR) and Swisher Intl Inc (SWSH)? What a debacle that was! The former was a cigar manufacturer, and the latter, a janitorial service. Their earnings data would get mixed up in Zacks and/or First Call, on the news wires - it was hilarious. SWSH kept going up because people thought it was the cigar company (and cigars were hot, hot, hot at that time). Near its peak, it was trading with something like a 30x pe, for a company with single-digit growth prospects.

It has since been delisted, sadly. No more mixups. But it was great fun while it lasted.

Ken
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