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Non-Tech : PMOR - Phar Mor Drugs
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To: Robert Lowers who wrote (27)2/1/1999 10:02:00 AM
From: Bo Le  Read Replies (1) of 78
 
Bob, Thank you. In any case, I will not buy PRFM at this price level.
No matter how you look at PRFM, it is a company on the edge of Chapter 11. They already loss a lot of money and they don't have much left to loss. Going internet proves the failure of their business model and is their last attempt to save themself. I wish them success. I brought PRFM before because I think some one will willing to pay more later. It worked out very well for me. PMOR is a company with a boring business but they make decent money. Now they will go internet. Some people will get excited and will willing to pay $12 or higher for PMOR. I will just hold my PMOR and wait it go to $12. Then I will consider sell, unless something really good happened to PMOR. 50% in a month is too good to be true. But we have to thank all the hypes in AMZN, PRFM, and others to make this possible.

BL
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