Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (7921)	4/21/1999 7:00:00 AM
From: jjs_ynot	Read Replies (1) of 18998

If you take the full value of UPCOY that UIHIA holds and apply a conservative 20 percent discount (which is optimistic) for taxes, etc. UIHIA is worth between $63. and $65. based on a UPCOY price of $53. With the AUSTAR IPO there may be some more value released. IMO there is not a huge value yet to be released and $60 to $65 represents fair value as I have stated.

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