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

To: Mr. Pink who wrote (1267)	3/23/1998 9:56:00 PM
From: MrHauteur	Read Replies (1) \| Respond to of 18998

WARNING:WARNING: MR PINK FOLLOWERS::WARNING:YOU MAY BE INVESTAGATED BY THE SEC BY POSTING HERE :THIS IS YOUR LAST WARNING!!!!!!!!!!!!!!

To: Mr. Pink who wrote (1267)	3/24/1998 2:10:00 AM
From: CIMA	Read Replies (2) \| Respond to of 18998

Any comment on MINE - Nasdaq BB? Release by month-end. Supposedly 172M ozs of Bolivian gold. Broke out recently. Perhaps better placed on the Golden Eagle International thread.

To: Mr. Pink who wrote (1267)	3/24/1998 1:26:00 PM
From: Allen Furlan	Respond to of 18998

Mr. Pink. Interesting thread with quite a few characters posting. Knowing that you place a great deal of emphasis on managements capabilites to turn around ailing enterprises, I would appreciate your opinions on Leonard Green's chances for success with the Hechinger/Builders Square combo. Green Associates Limited partners have had great success in the past according to the popular press. A recent Washington Post story was upbeat on their progress in the first 4-5 months after buying out the shareholders of Hechinger. The new entity has a publically traded debenture(HECHH). Because the new management borrowed to invest in inventory, the existing bonds took a downgrade probably because of a junior position in liquidation preference. The bonds are not in default and I hope that the April dividend will be paid. If payments continue in the next 2-3 years and if the enterprise proves viable an upgrade would be in the cards. With an upgrade I would expect a price in the 70s. HECHH is currently in high 30's. Seems like a favorable risk/reward scenario. Your insight would be greatly appreciated. Thanks, Al Furlan( a real name).