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


To: Mama Bear who wrote (1748)7/12/1998 4:24:00 PM
From: Rono  Read Replies (1) | Respond to of 18998
 
Whether you like Mr. Pink or hate him, you have to admit he has been known to pick some winners.



To: Mama Bear who wrote (1748)7/12/1998 7:49:00 PM
From: Mr. Pink  Respond to of 18998
 
The fun has just begun. SIR should drop to the low teens (or maybe to high single figures). Look out for additional disclosure in the press release and the 10Q to reveal more bad loans. In the mean time, consider SIR a hedge on the market at 1.5X book.

The growth story is garbage, especially now. It is a closed end high yield bond fund trading at 1.5 X NAV.

Mr. Pink