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

To: Wallace Rivers who wrote (14995)	7/31/2002 2:13:06 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78627

Wallace Rivers, re: TAA: Hard to have any trust in the business, in the management team, or in the financials. I'd say for most people - that should be three strikes and out. Still, it looks like there's $280M in annualized revenue -- but who can tell? They say they're sticking with their "disciplined business approach to improve sales", but they sold (or recorded) $29M that they can't collect. Some disciple. Overall results also don't give me much trust that management will prudently use the cash they have. I move TAA over from business to cigar butt. TAA is either going to recover somewhat (but the stock may never get up to the price I got my buys) or it's going BK. An either/or, imo. I like to bet on recovery. I've already endured enough here for me though, so now I'll just say I struck out. I closed my position today.