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I think you are mistaken young man, for they recently purchased MFSNT from Worldcom and have completely changed their underlying business. The financing that I referred to was a death spiral convert that had the stock as low as $1.75 last summer, which appears ready to be refinanced. Fidelity just bought 1MM shares, and other institutions have been involved in the past, very much similar to Fido (i.e. Nicholas Applegate, Strong, etc.) --- finally, as to independence, this is a company coming together, and 5 years is a lifetime, I think you want to look at it much more near term, and I think you will discover it has an easy 10 to 15 points of upside as soon as they resolve some of these issues that have been overhanging the stock for recent months. Watch it, as it is not going to take but 4 to 6 weeks for much change, and I believe a drastic revaluation ... Good Luck. |
