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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: valueminded who wrote (809)1/15/1998 8:53:00 AM
From: Harold Conn  Respond to of 18998
 
<You recommended in your last note sirrom capital as a possible short. I can not seem to find it... can you
give me a symbol ? thanks>

Sirrom is moving to NYSE - symbol is changing from
SROM to SIR, but if you are using Yahoo quotes, they
don't seem to have fully picked up on it yet.

Mr. Pink:

I'd be interested to hear more about why you are so negative
on them, if you can expand any.
Yes they make loans to small businesses, so in that sense I
guess they are like a bond fund, but they get high interest rates
and warrants to buy cheap stock in the companies they lend to.
So far they seem to have done a good job of having the capital
gains from the warrants more than offset the loan risk.
If anyone has anything negative to say about Sirrom, I'd
like to hear it.

Long Sirrom, but maybe not for long,
Harold Conn



To: valueminded who wrote (809)1/15/1998 10:11:00 AM
From: Mr. Pink  Read Replies (4) | Respond to of 18998
 
SIR is the ticker. CLST is probably ok still but down nearly 3 pts on the opening.

Mr. pink covered a little on the weakness.

Mr. pink