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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Pravda who wrote (1969)	5/18/2003 2:12:59 PM
From: Crossy	Read Replies (1) \| Respond to of 23958

Pravda, AWIN is a thorne in my side <g> literally. I watched it end of last summer, realizing its cashflow strngth. But stupid bondholders sold and sold and sold. Once I was almost buying it around $1 then saw it was still tanking. Then a vulture fund found out too and bought a large chunk. In retrospect I should have bought at $0.50. One of my rules is not to chase stocks, so I won't buy this. But congrats to you - this is certainly a good one to keep and quite a safe bet. It's not "absurd value" anymore but your are right, enhanced licensing rights could do wonders for AWIN.. There's anohter investing avenue in AWIN that many do not even consider but which is even more attractive. Did you notice their BONDS have CUSIPs - i.e. are FREELY TRADABLE ? There's a 12% discount note (trading like a zerobond) out which even got a great prepayment penalty attached to it. If AWIN moves up the corporate rating ladder (and it's looking that way) you might be able to get better than a 20% yield on that one. There are 2 notes out : a 10% ordinary bond (which they redeemed 70% of already in the last 12 months) and the 12% discount note. I would suggest to call Bob Luegee (their CFO) who is doing an excellent task and ask him about the notes... rgrds CROSSY