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

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To: Adamson who wrote (6134)1/14/1999 1:23:00 PM
From: alan  Read Replies (1) of 18998
 
Pinko-philes - a low risk play on dbcc is the jan 25 puts. trading for 11/16ths. they expire tomorrow but offer an interesting risk reward. if they dump dbcc like they dumped mall, dbcc could trade into the teens very easily. the deals comes tonight. who is going to want to own dbcc tomorrow? all the hot hands will be buying marketwatch. i can't imagine marketwatch will be valued at more than $1 billion ($100. per share) that implies dbcc at $15. assuming the other business is worth $5. which i think is generous. any thoughts fellow pinko's?
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