ACAR Message Board - Msg: 826001

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Non-Tech : ACAR

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To: hoopsville who wrote (11)	2/14/1997 9:54:00 PM
From: Joe Basile	of 14

Thanx Tom, you beat me to it as far as posting this long awaited info. Its difficult for me to intelligently interpret this press release. I would be curious to hear your, or any other experts out there opinions on this news. I think its double edged. The obvious bad news is that the earnings are taking a hit due to higher than anticipated default rates. The good news (i think) is they were able to secure some cash to hopefully bale them out of these (hopefully) temporary doldrums. This should be far superior news than listening to the fat lady clear her throat on this company.( as in they're not going belly up as some of their competitors are on the verge of.) It'll be fun watching the stock Monday (or is it Tuesday due to President's day ?) to see how it reacts. Hey Mickey, you out there?? I'd be interested in hearing your thoughts today. Enjoy the weekend folks. take care.

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