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

To: kahunabear who wrote (11449)	11/16/2000 6:18:58 PM
From: Wallace Rivers	Read Replies (1) \| Respond to of 79000

I have only passing knowledge - I did have a conversation with my former broker today, PSInet came up. He says it had been on the AG Edwards Top Picks list a while back! Also said they have a lot (about $4) cash on the books. YHOO shows $9, but one needs to back out debt, I haven't gone that far. The stock trades at 2, down from above 60 - amazing. Coincidentally, my girlfriend lives in Baltimore, where resides PSInet stadium. Scuttlebutt there is that they will need to sell the naming rights to the stadium.

To: kahunabear who wrote (11449)	11/17/2000 11:32:54 AM
From: Madharry	Respond to of 79000

PSIX is a risky situation they have a lot of debt, a need for funding , negative cashflow, poor execution, massive management resignations, the leader has just had a margin call on his stock, and they have annouced hiring Goldman Sachs to try to sell the company etc. I purchased PSIXP which I believe has less risk but still has some. I own a small position in ISLD at higher prices. Its a crap shoot but they have a lot of cash, and they said that they will not need any more funding for 18 months. The others I am not familiar with.