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

To: LauA who wrote (8839)11/1/1999 6:57:00 PM
From: jeffbas  Read Replies (1) | Respond to of 78625
 
On GAI, what is their current exposure to Sunbeam, which has the balance sheet of a bankrupt company? Note that GAI is obviously looking to buy someone, so the apparent value could end up in someone elses' pocket.



To: LauA who wrote (8839)11/4/1999 5:35:00 PM
From: Paul Senior  Respond to of 78625
 
LauA: ref. your post re: GAI. Thanks for mentioning GAI here. Your post provides excellent info which I failed to consider properly. Chinese companies, Al Dunlop, and cash looking for a business are warts that do not engender warmth, hope, or enthusiasm -g-

I calculate that at today's $4 3/8 price, GAI is selling less than 2/3 net current assets.

I've taken a position, added it to my other net-nets, and will try to hold for 2 years or a 50% gain.

Paul Senior


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