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Non-Tech : PUCK Fla. Panthers, Wayne's Hat Trick

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To: J. P. who wrote (20)2/15/1997 2:16:00 AM
From: White Shoes   of 31
 
There was recently a long and interesting news story about PUCK in the Globe and Mail (Toronto). Some points:

1. Buying frenzy was due to (a) Huizinga's reputation in previous ventures (eg. Blockbuster, Republic)

2. Wayne recently did something no one expected, he diversified PUCK into some property acquisitions. This caused shares to shoot up based on investors' hopes for a big payoff.

3. Investors who bailed before this "good news" were really angry saying that the company had misled investors by not "warning" them that they might diversify into various investments...so lawsuits are now hitting PUCK. (Crazy eh, you lose money you sue, you don't MAKE AS MUCH MONEY because you SOLD your shares and you sue...this is a value system out of control.)

4. So ever since the lawsuit talk started, action in the stock has cooled down. I would expect it to continue this way for some time, thin trading and a lot of people wondering which way to turn. Until this company shows results there is no reason to believe it's worth more than $10 per share and I don't care what Wayne has done with his other investments. Past performance is no guarantee of future results.
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