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

To: alan who wrote (16318)	2/21/2002 7:32:41 PM
From: Mr. Pink	Read Replies (2) \| Respond to of 18998

Alan, it looks like a scam. Mr. P$nk has reviewed your excellent research and He has concluded, in His infinite wisdom, that MINI warrants a rating of T3/F. Mr. P$nk

To: alan who wrote (16318)	2/22/2002 3:00:08 AM
From: Mad2	Read Replies (2) \| Respond to of 18998

Re: MINI is scary Used 80 mil in capital in past 12 months (60 in equity and 20 in debit. Property and plant went up by 65 mil Other assets (goodwill?????) by 10mil recievables up by 3.0 & Inventory (????) by 5.omil. the only "liquid" component of it all is the 3.0mil in recievables The killer is they depreciate out around 8.0mil/year, this is on a asset base of "around" 250 mil. Since when is the usefull life of a conatiner box (or mobile home) 30 years. Hard realestate with land under it and a tennent can be depreciated over 30-40 years, but now were talking REITS and they payout on average 8% year mad2