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

To: rjm2 who wrote (13042)9/5/2001 8:53:06 PM
From: Dale Baker  Read Replies (1) | Respond to of 78717
 
Do you know the story behind the DCDC shares? They tried to buy LPAC last year for $4/share by accumulating a large chunk of LPAC shares. LPAC later passed a poison pill provision, so DCDC gave up.

Then, in what I consider a very wise move, LPAC negotiated the repurchase of 825,200 DCDC-owned shares UNDER the market price at the time.

So LPAC cut the shares OS by more than 10% and eliminated a dangerous overhang in outstanding stock.

This "insider selling" was actually a share buyback by management.



To: rjm2 who wrote (13042)9/5/2001 10:32:26 PM
From: David  Respond to of 78717
 
rjm2:

did you ever look at RAGS shops???

I visited a store over the past weekend in New Jersey. Nothing to get too excited about. But its another retailer trading at a steep discount to net current assets. The business seems to be holding its own even in this economic downturn.

The company seems to have generated significant cash flow from operations in the past (albiet inconsistent).


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