Mr. Pink's Picks: selected event-driven value investments Message Board

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

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To: valueminded who wrote (4931)	12/4/1998 8:41:00 AM
From: Mr. Pink	Read Replies (2) of 18998

Pinkophiles: You might want to consider an investment in FSFH, First Sierra at 8 7/8. It is a small ticket leasing company that traded as high as 30 earlier this year. The company has converted from gain on sale accounting to a more conservative cash method...Consequently there will be no cash earnings for a couple of years, however cash flow is significant. The company announced this morning that it is commencing a 227mm equipment leased backed bond sale....this is very bullish. Don't chase this stock up or expect any fireworks...It is just a good solid cheap stock that could trade back to the thirties in a couple of years. You can safely buy it and put it away, as has Mr. Pink All opinions are Mr. Pink's who maintains a long position in this puppy. Mr. Pink

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