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Strategies & Market Trends : RICA - Costa Rica International, a hot new stock

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To: spinynorman1323 who wrote (83)3/6/1997 10:43:00 AM
From: Charles A. King   of 103
 
That is a good site for news.

Reuters gave us seven (7) releases announcing various aspects of the trading halt and news and yet nothing the previous day about the McDonalds news. And yet the information having to do with the future value of the company was the McDonalds one. What they reported on was the problems this company has in presenting itself to NASDAQ traders.

I was confused and put off by the earnings reports, I have to admit. I'm very disappointed that it has been handled this way. But after all this is sorted out, investors will see that the value of the company is not what the accountants give its book value but in its long term earnings potential.

Incidently, I see as I write this the bid/ask is 2 1/8 X 2 3/8. Somebody made a little money on that trick.

Charles
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