Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Cityscape Financial (CTYS) -- Ignore unavailable to you. Want to Upgrade?

To: Shane Stump who wrote (1398)	10/25/1997 8:26:00 AM
From: Rational	Read Replies (2) \| Respond to of 2544

In the first week of Oct (when the price was $10), I had asked the CFO about the worst case scenario that financial analysts generally consider. Although, he could not give me any indication on earnings, he enjoyed participating in an academic discussion on the worst case scenario. I got an impression from his responses that the worst was no UK income, may be a loss from UK. He meant this quarter because at some point I got the impression that he felt the long-term was good. The next (second and the last) time I talked to him, he appeared more tight-lipped and a little bit afraid and/or nervous. This was the day the price had dropped to 9.75 in the wake of the 2x250,000 block sells by inside directors (for which I saw Federal Filings). The following day I sold as soon as the minimum price hit 8.5. I sold every bit at 9 1/8 except 1000 shares that I carried till the next day and sold at 8 7/8. I do not sense Chapter 11, but who knows what skeleton is in CTYS closets. Sankar PS: Shane: Do you own any shares now?

To: Shane Stump who wrote (1398)	10/26/1997 8:08:00 PM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 2544

I don't see Chapter 11 for CTYS. What I do see is some rocky times ahead with write-downs on interest rate strips (because of the pre-payment situation in the UK), and increased focus on foreclosures, etc. in the near future. In a quarter or two, CTYS will emerge as a much stronger company. Short term, I plan to stay long (after all, the stock is too cheap to sell), and possibly add to my position when the stock seems poised to turn around. Just my two cents.