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


To: jeffbas who wrote (12657)6/16/2001 3:32:31 PM
From: Dale Baker  Read Replies (1) | Respond to of 78626
 
The company selling LPAC shares, DCDC, is a complete mess bleeding cash. My guess is they needed the $2 million pretty badly. Otherwise they are BK in 12 months.

biz.yahoo.com

I disagree on the takeover possibility being worse - with all the shares accounted for (in retail hands or management now) an acquirer does not have to worry about what might happen to a single block of 10% of LPAC's shares hanging over their head.

This is one company I have looked into thoroughly. I don't expect huge growth but the long-term outlook is excellent. Worth reading up on if you have an interest.

Disclosure - I am VERY long from $2 and looking for a double or triple.

Good luck.