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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (16161)	11/30/2001 3:22:43 PM
From: vampire	Respond to of 18998

Then he too, speaks Truth

To: Mr. Pink who wrote (16161)	12/3/2001 4:34:26 PM
From: A. Charles	Read Replies (1) \| Respond to of 18998

PDX ... have you current opinions on this former favorite, O Great One? Bernard Baruch...I fear many of your readers may not recognize his name, much less his park-bench wisdom. Happy trades, and best regards, ac

To: Mr. Pink who wrote (16161)	12/4/2001 7:29:35 PM
From: torquatus	Read Replies (1) \| Respond to of 18998

If Mr. Pink is ever tempted to troll in penny stocks, I have two interesting candidates: DVIN--Selling for a little more than cash, it is a software company with $750 milion in revenue/$220 million market cap/$175 million in cash. Of course, the danger is that fat Flip will acquire more companies at depressed prices, diluting the shares even more. There is a strategy, however. The basic idea is that Flip can fire the acquired salesforces and have one salesman pound away with a suite of products at a large existing customer base. Plus with the acquisition of 1,800 marchfirst consultants, the consultants essentially turn into a large and well-connected salesforce. This is the IBM strategy. Flip is a salesman and knows that the real cost at a software company is sales and marketing, not the code. And he has done this before: he sold Platinum to CA for a couple billion. If DVIN sold at 1.5 revenues--not unreasonable for a well-capitalized software company with a large professional services business--DVIN would be worth about $1.25 billion, or a comfortable 5-bagger. The former Dell CFO recently made a large purchase in the open market. The other interesting prospect is Lsata. Gates/Cascade effectively protested the acquisition by Malone/Liberty of Liberty Satellite for about $1.20 because it was lowballed. At $.88, it is even cheaper, plus it has about $400 million/$1 a share in cash (the Sprint PCS/Hughes/XM Satellite shares were turned into cash with cashless collars). It also has 10% of Sky Latin America (with 1.5 million subs at $2000 per sub it is worth about $300 million) and 25% of Wildblue, which is the Ka-band broadband internet that will be bundled with Dish Network dbs. Unlike current satellite broadband, it is two-way and will launch service in 2002. It also has a majority stake in On Command, which controls about a million rooms in the upscale hotel tv porn market. Malone has probably thought long and hard about acquiring Lodgenet, creating a nice monopoly, and slashing costs by delivering internet and video by satellite. After all, what is the $400 million sitting there for? Just a thought. There is also a $420 million investment in Astrolink, a Teledesic-like satellite venture, that may be worthless. The stock will do a 5-1 reverse split and be relisted on Nasdaq. I expect a lot of hype when that happens. Didn't Mr. Pink say that he was going to reveal some new longs?