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

To: David who wrote (15316)	8/24/2002 2:23:09 PM
From: Brinks	Respond to of 79044

David You're welcome. You made a couple of astute observations: 1)The company has been moving towards utilizing low cost overseas labor as it owns facilities in Mexico. 2) They do have great relationships with school districts. The senior lenders put a "squeeze" on the subordinated debt holders since they did not like the terms of the subordinated debt. Go look at stock chart where price was around $ 4 in August 2001 when this problem arose. I ask if the debt is now being restructured should not the price rise to prior levels? Note that book value is approximately twice the $ 4. As previously stated the stock is selling at approximately 20% of book value now. The major shareholder is 73 years old. He bought a substantial block a couple years ago north of $ 3 a share. I am glad everyone is doing due diligence. Suggest you all call the company.

To: David who wrote (15316)	8/25/2002 2:49:46 PM
From: Seeker of Truth	Read Replies (3) \| Respond to of 79044

I think I'm a typical investor, not too smart, not exceptionally dumb. I ask myself will DXT be around 10 years from now? My answer is, I haven't the faintest idea. The most important thing I know now is that they are losing money, i.e. increasing their debt. So will I be comfortable holding a stock when I'm not sure it will exist 10 years hence? No. So I'd never buy it. That's the reaction of the typical investor. I think the cheapness is illusory.