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Strategies & Market Trends : Value Investing

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To: Dan Meleney who wrote (5876)	1/31/1999 6:37:00 PM
From: Allen Furlan	Read Replies (1) of 78486

Dan, welcome and thanks for offer to look at finance companies. I have been in and out of National Auto Credit for the past 6 months or so. Paul Senior said he didn't believe in getting NAKD in the dark but that is what I did. The company should be able to file their SEC reports this spring and the lights may come on. They are a going concern and I guess I belive on faith their press release which says that an IRS refund has allowed them to retire most their debt. Before the lights went out their book value was reported to be about 7.50. Their goal is to apply for re-listing, probably NASDAQ. They were a NYSE listed company before their troubles. Have you heard of them?

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