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Non-Tech : Heavy Machinery. CAT DE CSE DDC CUM -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (176)7/21/1999 1:35:00 PM
From: Roman S.  Respond to of 190
 
Looks like 1.55 neg book is listed on the profile, which may be the result of a loan outstanding. From the SEC filing, found this paragraph, which might be the reason for the current negative book value(which should go positive as the loan gets paid down):

>>Approximately $103.0 million (including regularly scheduled payments of principal) is payable pursuant to existing financing arrangements of the Company during the twelve months ending March 31, 2000. Of this $103.0 million, the Company anticipates that approximately $88.0 million (representing all of these borrowings other than the $15 million line of credit from Bank of America) will be paid from the Company's cash flow from operating activities. <<



To: Wade who wrote (176)7/21/1999 1:49:00 PM
From: Roman S.  Read Replies (1) | Respond to of 190
 
For some reason there was higher than avg volume and someone selling into the 6 7/8 bid. Don't know the reason for this, but it doesn't look like individuals, but yet it got absorbed without affecting the price. Maybe wait a day or two and see how this plays out. This is not normal trading for COPI.

I'm going swimming for the rest of the day.