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

To: Tomato who wrote (11162)	9/14/2000 2:37:51 AM
From: Madharry	Read Replies (1) \| Respond to of 78729

FNV is very interesting. Its late at night and my mind is not working that well but the positives are that as far as i can tell there has been insider buying throughout this price decline. on the negative side the bonds are selling for .70 on the dollar but up from .60. the yahoo threads are enlightening in that they point out that it looks like directors are holding out for too high a price hence no sale likely right now and the window dressing period is upon us. so it is unlikely that the fnv will go up before it heads further downward. professionally i worked in credit and looked at finance companies at the first job i worked at. I am a firm believer that you cannot know what is going on in a company unless you look at the books and files yourself and see how the company monitors its own borrowers. clearly this company has been found wanting in this regard. the directors who have been buying most of the shares may not be getting their hands dirty enough. I don't see how any investor can get enough information on a company like this to make an informed decision. if anything it may make more sense to look at the bonds as being the safer play here. Good luck.

To: Tomato who wrote (11162)	9/17/2000 4:11:49 PM
From: Tomato	Respond to of 78729

KDUS is maybe a pink-sheets stock now, trading around $1.25. It just won an appeal in the Federal District Court of Appeals reversing a jury verdict against it in a patent infringement case. About 13 mil. shares O/S and between $1.50 and $2/sh in cash, most of which was in escrow awaiting the result of the appeal (probably will sit there for a while until the appeal becomes final). They also have royalty income and a large loss carryover. Carl Icahn owns 25%. Think the price range over the past couple years has been about 9 cents to about $20! Someone take a look (takes about 15 minutes of reading the last 20 posts or so on the SI KDUS thread to get a feel) and tell me if this is a no brainer or a wouldn't-touch-with-a-ten-foot-poler. ;-) Subject 19197