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

To: peter michaelson who wrote (30922)	6/13/2008 10:43:27 AM
From: RockyBalboa	Respond to of 78651

RHD has, in the meantime an exchange offer on the table whcih would extend the maturities of its bonds. Stock hardly reacted. That still does not solve short term liquidity problems though. biz.yahoo.com

To: peter michaelson who wrote (30922)	6/17/2008 8:29:44 PM
From: RockyBalboa	Respond to of 78651

IAR has a new captain (slightly off topic because not value investing -g-) biz.yahoo.com he receives a nice sign up bonus and other goodies on entering this floating coffin. The vast sums thrown at Mr. Klein clearly show how risky this venture is; begs the question for how many months the employment agreement is designed... Under the agreement, Mr. Klein's annual base salary will be no less than $1,000,000 and he will be eligible to earn a target annual short-term incentive award of no less than 100% of his base salary. For 2008, Mr. Klein is guaranteed a minimum short-term incentive award of $500,000 and received a one-time cash award of $400,000 upon joining the Company. Under his agreement, Mr. Klein is entitled to a target annual long-term incentive award opportunity of no less than 300% of his base salary. For 2008, his long-term incentive award will be in the form of performance share units (70%) and restricted stock (30%), prorated based upon his number of months of service with the Company during 2008. Mr. Klein will also receive stock options to purchase 250,000 shares of the Company's common stock. The stock options will have a per-share exercise price equal to the closing price of the Company's common stock on June 2, 2008, the first trading day of the month following Mr. Klein joining the Company.

To: peter michaelson who wrote (30922)	7/17/2008 12:38:25 PM
From: RockyBalboa	Respond to of 78651

IAR, RHD. Funny to see that both stocks are quoted at exactly the same price, 1.78, 1.79. I briefly owned them in times where the S&P traded at 1400 and up and they never saw any buying so I bailed. I bet there is a lot shorting going on even at these levels and both should see a restruc in short time. The twin, otherwise mum reports on July 29th (IAR) and 30th (RHD). The RHD 8 7/8 01/15/16 last traded at 55 maybe, its time to look at the bonds a little closer. The business could be worth half the debt and then some. I check back after earnings.