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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: StockHawk who wrote (24155)	5/4/2000 1:30:00 AM
From: saukriver	Read Replies (1) \| Respond to of 54805

MSFT--Cash Drain from Put Warrant Obligations >>If you and I each own 10% of the water in a glass and you drink all the water, I really don't feel any better if you then give me your 10% of the water in the glass.<< Think of it this way - that glass will be refilled with water every day, and now you get a bigger share to drink every day! But if the liabilities are so great that the future cash flow has to be pledged to meet those liabilities, I am no better off because I have 20% (instead of 10%) of that fully encumbered cash flow. You sucked the juice out and are long gone. I am left high and dry. saukriver