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

To: Wallace Rivers who wrote (14124)	3/13/2002 4:36:11 PM
From: S. maltophilia	Read Replies (2) \| Respond to of 78535

It happens on almost every major bankruptcy of a well known company, e.g.LTV(traded for years ~2), Braniff (got as high as 6), etc. Eventually folks realize that the repo man has taken their car away, or the reorganization vaporizes what's left of the common. It might be worthwhile to buy some long dated puts @5 strike if this madness continues. Here's a stock I've picked up on recently. Trades by appointment, too much is owned by family and there's been an ongoing ugly litigation amongst them, and is on the BB. Trades around $50, usually with an impossible spread. Yields about 2%(Yahoo is wrong on this ), has massive earnings, makes stuff you use every day and trades at big discount to peer group PE. Hanover Foods;HNFSA