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

To: rjm2 who wrote (17934)10/27/2003 1:38:44 AM
From: rjm2  Respond to of 78768
 
Regarding MHCOs decision.

They have 1.8 million shares out.
IF their staying public costs are $200,000 as others have said, thats 11 cents per share, PER YEAR right out of the shareholders pockets.

If its $100k, its half that.

And, after taxes less, But the point is still valid.

Call me crazy, but it MAY not be the worst thing in the world here.



To: rjm2 who wrote (17934)1/20/2004 6:29:14 PM
From: Paul Senior  Read Replies (1) | Respond to of 78768
 
Confirming here: Bought a little MHCO today.

Close enough for me in this market at these times to a Ben Graham net-net that I'm willing to step up for some shares.

Imo though, not a suitable stock for most value players:

Dinky company.
Roach motel stock. (VERY thinly traded on pink sheets)
Expectation has to be for a 2-3 year hold. (imo)

Paul Senior


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