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

To: pcyhuang who wrote (24781)	9/6/2006 2:18:24 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78751

pcyhuang - you are into cheap thrills apparently and MLS is one of them. FWIW, i found S*P ratings pretty much useless as an investment guide. in many cases i found that their fair values simply seem to trail the stock charts. I am particular careful with higher rated stocks whith charts that are turning south, it seems that inevitable they start to loose their S&P stars when it's to late. S&P's predictive power is so bad that i started to look at low rated S&P stocks (2 stars or less) <g>. As far as MLS is concerned, i think it is a pure speculative play. Management is still in place and it seems that further reevaluations of their properties are inevitable. Their a substantial financing risk and also a large liability due to shareholder lawsuits. Add to that rising interest rates and it's clear that this is a pretty dangerous stock to own. The recent sale of Xanadu has stopped some of the bleeding but it's still up in the air what their assets are going to be worth when all is said and done.