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

To: James Clarke who wrote (9307)	12/14/1999 5:21:00 PM
From: S. maltophilia	Read Replies (2) \| Respond to of 78525

As a happy ex CIS holder, I like FIT too. They would more likely fold their tents and pay off the shareholders than do an LBO. In CIS' case Weinstein had a majority vote (class B) from the getgo. When he got disgusted enough with the stock, that was the end of it. FAB's Bitensky only owns ~28% and I imagine that the long suffering mutual funds would raise hell if they thought the LBO was inadequate (some CIS holders made similar noises but there were few holders of size). Yes the textile business stinks, and isn't likely to get much better soon. If they are rational (and you have to assume some self interest of most managements) they will try to manage the business to minimize operating losses and concentrate on the investments they own. My most likely scenario is a gradual liquidation via the dividend, unless the old man dies, in which case all bets are off. I'm in this @ 11 3/4 (too impatient-g-) and look to buy more around 8-9. Looks like one of the "small cap value" funds was dumping the big pieces today.