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Non-Tech : CHKE-Cherokee -- Ignore unavailable to you. Want to Upgrade?


To: Marty Leder who wrote (25)1/15/1998 4:14:00 PM
From: Mike 2.0  Read Replies (1) | Respond to of 46
 
Wow, this stock was under almost everyone's radar...I read about CHKE today on Briefing.com. The entire story re their $5.50 distribution debacle is at:

fool.yahoo.com

Explains that the distribution payable to shareholders of record as of TODAY not Jan.2.

I placed a limit order at 15 which did not fill. No biggie I think this will be well worth looking at tomorrow, when the stock is _really_ supposed to not include the $5.50. Positives: Software company-sized margins of 80%, pro-investor management as evidenced by this distribution. I suspect it will overcorrect.

Mike