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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (7355)	8/10/2000 5:18:30 PM
From: Hank	Read Replies (1) \| Respond to of 10293

So Bill, is it safe to say that you either didn't read the portion of my last post regarding RJR or have no opinion about it one way or another?

To: Bill Wexler who wrote (7355)	8/10/2000 5:26:18 PM
From: Hank	Respond to of 10293

By the way Bill- Congratulations! Your reappearance has taken this thread from the grave and placed it back on the Hot Topics list again. See how you were missed? Even the anti-Wexler's need someone to talk to.

To: Bill Wexler who wrote (7355)	8/10/2000 7:01:19 PM
From: Fundamentls	Read Replies (1) \| Respond to of 10293

EDSN...I agree it looks overvalued but it's tough to see Merrill abandoning it so soon after the secondary. And it's the kind of stock that could have a cult following on the retail side - people who really think it will lead to education reform and that it's socially responsible to invest in them. I know a lot of people who would buy and hold it for that reason alone (my spouse among them, which is why I manage the portfolio!). Most of them probably have accounts at MLCO and would buy it on the advice of their broker lol. They are clearly having some management issues in at least some locations (see link below), but I don't see a lot of evidence that it's widespread. In the end it will be the parents, not the newspapers, who rate the schools' effectiveness, and it's hard to argue with rising test scores, which are apparently fairly consistent. sfbg.com Short interest was 1.07 million shares in mid-July, before the secondary, when the price was around 23, more than 20% of the float. Pretty squeezable even with 2.9 million new shares from the secondary - probably explains the recent spike. I think it's substantially overvalued for the stage it's at in its business development, where they haven't yet proven they can turn a profit. The price-to-book is almost 6, a little rich for a bricks-and-mortar services company that lost $49 million on revenues of $132 million last year. It's probably a good long-term short if you can get a good entry price and a borrow - but it could take a few years, and I prefer quicker turns on short positions. Have you found any other good dirt I should consider? Regards, Fund