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To: alan who wrote (16386)	3/1/2002 3:21:28 PM
From: Sir Auric Goldfinger	Read Replies (2) \| Respond to of 18998

This is too funny re MINI: "=DJ Mobile Mini Down -3: Analyst Defends Company >MINI Page 1/1 By Pat Maio Of DOW JONES NEWSWIRES LOS ANGELES (Dow Jones)--Shares of Mobile Mini Inc. (MINI) fell 9% Friday on what one analyst called an effort by short sellers to drive down the stock. The number of shares shorted stood at 806,000 as of Jan. 8, and had soared to more than 1 million over the past month, said Art Havener, an analyst at A.G. Edwards & Sons. Mobile Mini has 14.2 million common shares outstanding. "There has been a short position building for quite some time. It's starting to accelerate and short sellers are bonding together and trying to unravel the company's position and valuation," said Havener. Company executives with Mobile Mini, Tempe, Ariz., which makes portable storage containers and mobile offices, did not return phone calls seeking comment. Shares of Mobile Mini were recently down $3.24 to $31.35 on Nasdaq volume of 976,300 shares, compared with average daily volume 142,900. A big concern expressed by short-sellers that the company is overvaluing its ssets, namely its storage containers, Havener said. He disagees, however. "We haven't seen these issues pop up in their operations yet, and we feel omfortable with the company's management and strategy," he said. Havener also maintained that if the concern expressed by the short sellers as real, then Mobile Mini would have encountered trouble securing a new ive-year, $250 million credit facility from a group of a dozen lenders last onth. The lenders, led by Fleet Capital Corp. as the group's agent, hired their own ndependent appraiser to take a look at the market value of the containers, avener said. "These banks aren't stupid," he said. (Oh really?) -By Pat Maio, Dow Jones Newswires; 323-658-3776; patrick.maio@dowjones.com