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

To: Paul Senior who wrote (17953)	10/30/2003 11:10:55 PM
From: David	Read Replies (3) \| Respond to of 78753

Paul: On FIT: downside risk might be pretty well capped at $3.75. Wonder if there is any kind of an upside. 8K disclosed that FIT was shopped around to 80 potential suitors. No takers. I would love to buy $35 million net current assets for $19 million. Look forward to reading Proxy on this one. The company maintains positive cash flow. I wonder what happened to all of their business over the past 10 years? Sales shrunk from $189 million to $63 million. I owned FIT several years ago and made a good buck on it. Would love to see history repeat itself. Seems there ought to be a competing bid her equal at least to the net current asset value. BTW, anyone here still holding MAXS?