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

To: rjm2 who wrote (17319)	6/26/2003 6:37:01 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78958

rjm2 Welcome back! Look forward to your insights. I took my lumps on EBSC back in 2k figuring undervalued or not, dept stores, especially small regional ones, are dying with their customers. If I still held it, I wouldn't be holding out for full fair value [whatever that is] because it's a wasting asset, IMO. But what do I know, I already sold too soon based recent strength.

To: rjm2 who wrote (17319)	6/26/2003 7:32:23 PM
From: TimbaBear	Respond to of 78958

rjm2 Welcome back! I believe that until the deal gets to be over $7.50/share or so, it'll be an all cash offer, so I'm willing to hold onto EBSC and get the cash. At $6.00/share, being a late comer to the game I only make 16% on my purchase price. I'm happy with that for a year's worth of returns in this kind of market. I've owned the stock about a month or so at this point and cash offers get approved and paid out quickly (usually). I'm hoping the thrashing in the water draws the interest of a bigger predator. Timba