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To: Benny Baga who wrote (6906)8/18/1998 4:13:00 PM
From: AugustWest  Respond to of 8545
 
>>Just think, If the stock gets to $8 dollars a share,

they can buy back some of their 50 odd million of shares at less than 0.50 on the dollar from their IPO.




To: Benny Baga who wrote (6906)8/18/1998 4:13:00 PM
From: EdR  Read Replies (1) | Respond to of 8545
 
Benny,

My guess, assuming no new bad news, is that this was the second wave of margin calls which could easily set off another round of calls... It's anybody's guess where it will stop...

Ed..



To: Benny Baga who wrote (6906)8/18/1998 4:42:00 PM
From: Chris land  Read Replies (1) | Respond to of 8545
 
<<<Just think, If the stock gets to $8 dollars a share, CF will actually be trading at a P\E of 50 (forward looking 12 months $8 = .16 * 50). >>>

I'm interested in where you got the .16, could you point me to the right place?

Chris