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Non-Tech : Am.United Global, Inc. (AUGI)
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To: Kathrine S. who wrote (2020)10/13/1998 3:12:00 PM
From: Mitchell B. London  Read Replies (1) of 2065
 
The WPEC news was consistent with my expectations. One has to wonder why the stock in WPEC continues to trade at such a low level. Their PE ratio is below 10. I imagine that it has to do with investor misgivings about Robert Rubin and the fact that via AUGI, he controls a majority of the 4 million WPEC shares.

You will note that this same day, AUGI has hit yet another new all-time low (32 cents). AUGI owns almost 80 cents worth of WPEC for _each_ AUGI share, even at the depressed WPEC PE.

I'm just wondering when it would be "propitious" for the AUGI Board to do something to help shareholders realize some of this value.
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