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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (14888)3/16/1998 6:27:00 PM
From: Cynic 2005  Read Replies (3) | Respond to of 18056
 
To all, First of all, I dumped my last set of calls on ATHM.

Second, I never thought I would do something like this - buy a stock for dividends. But I did. I took a moderate position in a company called Valley Resources (VR). VR is A gas utility company based in Rhode Island. It has a yield of 6.3% (recently dividend was hiked.) A tiny market cap of 60 mil.

A serious acquisition candidate - so says one of my professors, who is pretty good at spotting value plays, utilities, and dividend payers, convinced me on this one. I trust his judgment more than I trust my own. -g- After some digging and researching on my own, I thought it is pretty safe bet for this 'crasy' market.
-MMV



To: Cynic 2005 who wrote (14888)3/16/1998 9:10:00 PM
From: robnhood  Respond to of 18056
 
MMV, that was a good story on the debt. I happened to be reading it when a pal of mine called, so I read it to him. Somehow the Y2K thing came up ,and he said ,"thats gonna be their excuse ,they'll milk it for all it's worth". Sure seems feasible to me.

russell


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