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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: redwood who wrote (73992)6/3/2002 2:22:48 PM
From: Zeev Hed  Read Replies (1) | Respond to of 99280
 
Yes, I think that TYC while having a bunch of goodwill on the book, and probably having to take a loss of some $5 B on CIT, has nice cash generating businesses. Got to be careful, however, you may want to spread commitments at $12, $10 and $8, because I have no way to determine where an avalanche will stop. There is no "book value" there serving as a cushion like, for instance in stocks like CRA or less so, MLNM.

Zeev


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