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

To: pcyhuang who wrote (24783)	9/6/2006 2:48:24 AM
From: pcyhuang	Respond to of 78748

MLS -- 15 minute chart shows signs of accumulation. stockcharts.com pcyhuang

To: pcyhuang who wrote (24783)	9/6/2006 3:36:05 AM
From: pcyhuang	Respond to of 78748

Farallon Partners Raises Mills Corp Stake To 10.9% online.wsj.com pcyhuang

To: pcyhuang who wrote (24783)	9/6/2006 10:21:05 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78748

pchuang - sorry for the misplaced humour. The comment was related to your investment style, which seems to favor what i would call bottom feeder - former growth stocks that have completely falling out of favor and are trading at 52w lows. the problem that I am having with MLS is that there problems are way way larger than what i consider a "temporary setback". i might consider this label for PSUN maybe (which at least has a decent balance sheet. When MLS was trading in it's 50's, a large part of the perceived value was in MLS development pipeline (Xanadu's etc.) which apparently is worth less than zero (they wrote of 500M$ on Xanadu). Now their balance sheet is damaged, cost of capital is way up, which is really a problem with a REIT like MLS. I think they need a buyout to extract value for their shareholders, but with all the liabilities, buyers will most likely ask to buy their properties outright, rather than the whole MLS mess.

To: pcyhuang who wrote (24783)	10/9/2006 10:57:56 PM
From: pcyhuang	Read Replies (1) \| Respond to of 78748

MLS -- Moving Closer to Sale Full Story: blogs.nj.com Mark Ordan, the former chief financial officer of Mills Corp., was named chief executive of the Mills Corp., which is trying to sell its Xanadu project in the Meadowlands. Ordan replaces Laurence Siegel, who retired over the weekend. A company statement said Siegel will continue to guide the Xanadu sale. Mills, which has put the entire company up for sale, is also under investigation for its accounting practices by the SEC. Today's news is positive for College Park, Md.-based Mills shareholders, according to Richard Moore, an analyst who follows Mills for RBC Capital Markets. "This is moving Mills closer to a sale. It gives me more confidence that the sale will occur because of what is going on today."