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Microcap & Penny Stocks : AUTO - good valued co.in recession free industry

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To: Steven Cooper who wrote (4)2/6/1997 7:58:00 PM
From: Michael Carey   of 205
 
Hi Steve, I think there was a larger non-prime company that got smashed a few days ago due to some fraud and such, sorry I don't have details. I believe that was the day that AUTO went down over 1/2 in one day. I don't know of any problems with AUTO and continue to hold the stock. I think the management is quite good, they built up the old AUTO into a leader in the used parts industry and expect that they can do the same in this new business. Mike
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