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To: Think4Yourself who wrote (75470)10/3/2000 6:02:14 PM
From: upanddown  Read Replies (1) | Respond to of 95453
 
Another amazing move by MDR today (+9%) in the face of a weak sector and no news. I have to believe the market is starting to look ahead to the resolution of the asbestos crisis. MDR is scheduled to submit a re-organization plan to the BK court later this month. The plan should mainly consist of the amount MDR is willing to place in a trust fund for asbestos claimants. Insurance should cover approx 80%. Someone is betting a lot of money that there will be reasonable resolution here and that the still-ridiculously undervalued assets of this company will move towards fair value. Up 57% since Sept 1.

Got MDR????

John