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

To: David who wrote (11191)	9/26/2000 4:43:06 PM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78628

FWIW, I think Mr. G's next move will be to ease, and that may set up a rally. Looking at EK after the carnage, still looking at ASO. INTC, though not a value play, might be worthy of consideration, though I don't own it. Good luck to all - this is a very tough, merciless market. In the "old" days (5-6 years ago!) they would have punished the likes of EK for a warning, but more on the order of -10%. Not the -25% pounding it received today.

To: David who wrote (11191)	9/27/2000 6:18:34 AM
From: Daniel Chisholm	Read Replies (1) \| Respond to of 78628

Also Re: EBSC, I too was reading my offering circular, and while the Board is taking pains to say to shareholders "it's up to you to decide", I did note that "no directors and executive officers" (except the axed president) will be tendering their shares. Now what I have not yet been able to figure out is whether PPM America (13% owner, and the catalyst for this action) will tender? - Daniel

To: David who wrote (11191)	9/27/2000 9:12:53 AM
From: jeffbas	Respond to of 78628

David, on EBSC, note my recent posts on Yahoo. My overall view is that this is a mediocre company, which is adequately discounted at $4.50. If they buy the stock at $4.50 they use up less cash and add more value for the remaining shareholders. Therefore, I do not feel too uncomfortable continuing to hold it, in lieu of receiving $4.50. On the other hand, I would definitely take $6. Therefore, I will probably tender at some price in between. (Of course if one of the largest holders wants to get out at $4.50, that will most likely then be the price - although they would be taking a large loss.)