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

To: Madharry who wrote (19127)	4/22/2004 11:38:42 AM
From: Paul Senior	Respond to of 78481

Nrgn. I still cannot see the value proposition there. One has to be knowledgeable about its prospects and not just glance at the stock, I guess. Stock at $10-11 now, but a recent private placement for $100M worth at $7. These insiders must have decent info, I would hope, to be buying at $7. I don't see the value at $7 either, unless it affords buyers an opportunity to exit soon at the now higher price. I assume the position is profitable for you, so my prattle should be recognized as just my uninformed opinion, of course -g-