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To: jimmy who wrote (7455)2/18/1998 1:52:00 PM
From: Jonathan Brown  Read Replies (1) | Respond to of 10368
 
Jimmy, you are blunt, caustic, and funny, but most important, you know your history and numbers, and you make a great deal of sense. I'm reminded of the saying that goes something like this: investors are traders stuck with a stock that's tanked.

Good luck to all, especially the heavily invested Jonathan. With its market mood swings and occasional outbreaks of investor optimism, AB&G may be a lovely trading vehicle. But goodness gracious, it takes more faith than I've got to hold it for the long pull. The best I can think to say is that I still believe the low-risk bottom to be around book value, and we're almost there! I'm looking for a retest of 3. Barring fabulous news, I'll guess it won't be long before we see it. After that, given a bit of time for price consolidation and management regrouping, AB&G may yet rise again.

J