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

To: Q. who wrote (8645)	10/14/1999 10:36:00 AM
From: Wallace Rivers	Read Replies (2) \| Respond to of 78498

SSI - which I own The preliminary proxy is available on Edgar, and I have read parts of it. If all goes as planned, shareholders will receive the proxy shortly, and vote whether they want to cash out at about 10.35-10.39/share (more likely the higher number). The stock trades at about 8 13/16. The payout is expected to be by year end (again, if the vote is +, and all else is in order). The market IMHO is saying 1) the deal is not a slam dunk. 2) the market, in general, and for REITS in particular, has been very poor. I think the deal will happen (if I didn't, I would have sold my shares). The primary risk, I have heard, is in a deteriorating operating environment for the hotel industry. If the proxy goes out in its current form, I think the vote will be positive to consummate the deal. Comments from anyone, what might I be missing here?