Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Senior who wrote (11661)	12/29/2000 3:04:05 AM
From: rjm2	Respond to of 78552

I didnt know J had so much in equity. Dang. Too bad they want to blow it on internet nonsense. Good news is..."At the Annual Meeting, Allan R. Tessler, Chairman and Chief Executive Officer of the Company, announced that he had purchased approximately 65,000 shares of common stock, par value $.01 per share, of the Company (the "Common Stock") on or about December 5, 2000, and further announced that he may continue to purchase additional shares of Common Stock. With respect to the Company's investment in InterWorld Corporation ("InterWorld"), Mr. Tessler indicated that the Company was in the process of attempting to acquire InterWorld and would hope to complete an agreement soon." Trouble is the volume was never high enough for 65k. DATA is burning cash too quickly but supposedly working on a better way for drug studies.And there was insider buying at higher prices.

To: Paul Senior who wrote (11661)	12/29/2000 3:11:21 AM
From: rjm2	Read Replies (2) \| Respond to of 78552

I continue to buy DIYH even though its no doubt in a death march. The insiders continue to buy. There is a LOT of equity left to piss away. But last quarter was pretty terrible from an ongoing operations standpoint. I really dont see whats keeping them from closing more stores and soon. I am hoping they are working on a deal for several of their properties. One which they own outright was closed recently and for sale. (I expect a gain) and another which was closed recently will be subleased and the income will flow back to them because they had to write off the remaining lease term. Ideally they will announce a deal with one party buying that location and maybe taking over a few others after liquidation although thats wishful thinking on my part. I have no illusions, its pretty much a real estate play now. Sort of worried that management may have its head in the sand however.