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To: Razorbak who wrote (87571)2/17/2001 11:21:30 AM
From: excardog  Read Replies (2) | Respond to of 95453
 
Razor speaking of runts

On Monday OMNI crashed due to ceo's untimely death:http://www.siliconinvestor.com/research/quote.gsp?domain=Quote&s=res

Bought some at average cost 99 cents including commission.

Tuesday interim ceo announced:http://biz.yahoo.com/bw/010213/la_omni_en.html

This lead to a bounce which I was tempted to sell for 25 cent gain but didn't. My feeling is there should be more once earnings and some of the confusion regarding the ceo is sorted out.

With the lack of value type plays in this sector presently I continued to hold but could have booked 40% for the five day period last week. Thinking $2 might not be out of the question around earnings time which should be pretty quick.

Recent contract:http://biz.yahoo.com/prnews/001128/la_omni_en_2.html

Just another runt play.

BTW pbd007 has little to offer other than to criticize.

Best



To: Razorbak who wrote (87571)2/17/2001 1:14:33 PM
From: Sharp_End_Of_Drill  Read Replies (1) | Respond to of 95453
 
Razor and PDB, I've been following WEL for about four years now and thought I'd throw in my two cents.

I don't like them for two reasons:

1) The only part of the company that made money was Baylor, and they were forced to sell them off.

2) The restructuring left the management intact, and I believe their proven track record of failure will be proven yet again.

Their valuation according to PSR is quite low, but I just don't see how they will be successful at turning much if any of the revenue into net income. Couple that will falling revenue numbers Q over Q due to losing Baylor and I just don't see anything compelling.

Congrats on your scalp, what a great percentage for such a short hold.

Sharp