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To: TimbaBear who wrote (12911)	8/6/2001 2:12:09 PM
From: Paul Senior	Respond to of 78507

An issue with MFW is that Ronald Perelman, apparently the controlling stockholder in MFW, is causing the company to take a big position in another of his companies, Panavision. He's saying - as I understand it - that this will be done at fair value. However, smaller MFW stockholders apparently are saying in response that the purchase price/sh MFW will pay is way more than Panavision has sold for; that it's a bailout for Mr. Perelman from this poorly perfoming company (Panavision); and that the sum MFW pays will very much degrade MFW's balance sheet. Perelman might be a peril, man.

To: TimbaBear who wrote (12911)	8/6/2001 2:17:35 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78507

MFW The retrospective financials [to 3/31] look good, especially FCF as you pointed out. OTOH the Panavision aquisition looks kind of strange to me. A red flag here is a licorice/tobacco flavoring company buying [or being bought by -see article below] a precision camera systems company - strange combination. A far bigger red flag is summarized in this article: biz.yahoo.com Dealings with Ron 'Count your fingers' Perelman seem to often end badly for shareholders.