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

To: scott mcdowell who wrote (11032)	7/31/2000 9:56:21 PM
From: Madharry	Respond to of 78751

I did spend some time looking at but I am having difficulty making a strong case. are its core operations worth anything at all? my paper napkin analysis of MKTY Holdings made it look like it had $685MM of plug and maybe $50MM of something else (pretax ) and around $141MM of debt. current market cap of mkty is $449MM. company will have to pay some taxes upon liquidating its investments say 30%. I get $514.5 MM take off $141MM of debt I end up with $370MM give or take. Now I know nothing about plug and whether it is worth $5 or $500. but from what I am looking at. In this case if I liked plug I would buy plug and if I did not like plug I would not be a purchaser of MKTY. Feel free to comment I am sure you know the company much better than I do. but from I have see I am unwilling to put anymore time into it.