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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Market Tracker who wrote (10026)6/15/1998 10:34:00 AM
From: Roger A. Babb  Read Replies (2) | Respond to of 18691
 
MT, Al leaving Sunbeam is good news...........



To: Market Tracker who wrote (10026)6/15/1998 2:09:00 PM
From: Roger A. Babb  Read Replies (1) | Respond to of 18691
 
MT, I read Chainsaw Al's book and followed some of his past performance. In a nutshell, he takes oldline companies with a lot of non-book assets (depreciated factories, appreciated real estate) and guts these assets to produce a temporary earnings surge. Does same by gutting management and top technical people, a small temporary gain for which you pay a big price later.