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To: Joel Green who wrote (3333)2/25/1998 7:14:00 PM
From: Brooks Jackson  Read Replies (3) | Respond to of 78480
 
Joel: re EMITF, you said: "I haven't been able to find anything negative about it."

Me, I can hardly find anything about it at all. No analysts, no Edgar filings, not even a profile on Yahoo with the phone number of a New York P.R. firm to call for hype.

Anyone have tips for researching one of these "F" stocks? This one looks intriguing, but my DD is DOA.



To: Joel Green who wrote (3333)3/25/1998 8:31:00 PM
From: Paul Senior  Read Replies (1) | Respond to of 78480
 
Joel Green: re. EMITF this post #3333. Could you (or anyone else)help me understand further?

my ref.: biz.yahoo.com

ELITF in your post is a typo: s/b EMITF, right? (trading at about 7.1/4 today) Looking at balance sheet numbers in my ref. above, the report states that numbers are in thousands. That's an incorrect year-end report: should be millions, right? (Can't be that total assets + lia = $540 thousands, right?

Do we know what Elbit is giving up on its balance sheet in return for the $230 million dollars which is $10.75/sh.? They will give up some assets sure, but will they have to pay off a lot of the $240 + 32 MILLION in current + long term liabilitiess???

What's your opinion of the deal now that it's a month later and scheduled for closure in a few more days (I believe)?