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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (60429)	9/16/1999 4:33:00 PM
From: Neil H	Read Replies (2) \| Respond to of 90042

Tim Thought you'd like this article from your buddy. I think he just picks the wrong takeovers Wrong! Sep 16, 1999 Takeovers and the Sucker's Game By James J. Cramer How tough is playing this takeover game? As tough as it gets. About six months ago, I was interviewing the president of Bestfoods (NYSE:BFO - news) on CNBC's "Squawk Box," and it seemed that he was resigned to either getting his company into some sort of high-growth mode or merging his company with another large food company to get economies of scale. I came back to the office and told my partner, Jeff Berkowitz, how excited I was about how Bestfoods' CEO was determined to bring out value. He yawned. No, he didn't just yawn -- he shook his head, held his nose and closed his eyes and put his fingers in his ears. He has seen so many stocks get put on our sheets for takeover spec and then get blown out as losers when the fundamentals didn't pan out. Today when I picked up my Wall Street Journal, I saw the Heinz (NYSE:HNZ - news) news. I wanted to kick myself. But the denials followed swiftly. I still think it could be for real. The irony here is where the stock was when I got all excited about it: 52. Right where it is right now. In the meantime, I could have been in any of the Reds -- Red Hots, Red Hat (Nasdaq:RHAT - news) , Redback (Nasdaq:RBAK - news) , heck, Red Rover -- and been doing better. Takeover playing is a sucker's game. Always has been. Always will be. Regards Neil