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Technology Stocks : CRUS, good buy? -- Ignore unavailable to you. Want to Upgrade?


To: john dodson who wrote (5030)2/16/1998 11:40:00 PM
From: JOHN N.  Respond to of 8193
 
Exactly, no businessman would invest $75MM without having a definite strategy for making money from his original investment. I would bet that he has a long term plan for what he is trying to accomplish. I don't think that he is simply trying to average down his investment or some other ploy. Nobody buys that amount of stock to create a tax loss against other gains intentionally; that is ridiculous. There has to be a strategy here that involves controlling and influencing the management to do something that will ultimately result in increasing stock value overall. Fragmenting the company and selling off the pieces is a possibility.



To: john dodson who wrote (5030)2/17/1998 9:58:00 AM
From: Mark Reier  Read Replies (2) | Respond to of 8193
 
I know this because I know him personally. I don't want to say much more, but I will say that he is a long term player. As for him "throwing good money after bad", people said the same thing about Citizens First and Musicland when he bought those stocks only to see them plunge further. Mr. Teo bought more because he believed in the stock. If you have the chance check out what those stocks did.