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

To: Grommit who wrote (8168)	9/8/1999 5:00:00 PM
From: Terrapin	Respond to of 78822

Hi Grommit, "As far as their new poison pill. My opinion is that they make mgmt more secure and do not help stockholders." I agree. This point is often driven home when an incompetent Board of Directors runs a company into the ground and then passes a poison pill to protect their jobs from their own shareholders. My problem is that I didn't think APCC was in that kind of position. Have you seen relatively healthy companies passing these things just for the hell of it or should I interpret this move to mean that management might know that something bad is on the way? Also RE: Midway, Summner Redstone's network purchase helps me to understand why he would be interested in this video game company because it gives him another distribution channel for game-based products like cartoons, etc. Didn't buy this one either but at least it now makes sense. Terrapin