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Technology Stocks : Comdisco, Inc. (NYSE: CDO) -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (638)4/10/2001 10:42:27 PM
From: KevRupert  Respond to of 689
 
Why? With many quality stocks (no-debt; proven management; cyclical earnings) trading at multi-year lows, why buy a stock that may be entering bankruptcy? The entire market to choose from -- this one should be the last one to buy.

I'm searching for any reason to buy this stock -- even just for a small position. I haven't found one.



To: SOROS who wrote (638)4/12/2001 5:18:30 PM
From: Allen Furlan  Read Replies (1) | Respond to of 689
 
FWIW I took a diminished risk approach to this one. Buy stock and sell 2 leaps(03) at 7 1/2 strike. My net cost .75 per ratio write. Almost no upside risk because the company is not a suitable takeover candidate and the 2/1 write should be worth 1-2 even in strong recovery. My expectations are that the stock will crawl back to 5 or so in next year.


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