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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Allen Furlan who wrote (7493)	6/8/1999 10:55:00 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78659

Alan: <<My guts instincts tell me that they will survive>> I just glanced at CMM, but I concur. The question is less whether they will survive, than whether the shares are a good value at present level. According to the recent release, <<The company anticipates filing a reorganization plan by August 2, 1999, which is the conclusion of the period during which CRIIMI MAE Inc. and two affiliates have the exclusive right to file a reorganization plan with the court.>> We'll be in a better position to judge the value of CMM after the reorg plan is finalized. The release I saw certainly indicated positive equity for shareholders though. biz.yahoo.com This is unusual, as often existing shares are diluted to nearly nothing in the restructuring. Just a 1st cut...I'll look at it in more detail later. I like the idea of exploring distressed situations but we may need to move this to another thread as this has never been the topic here. bob