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


To: Doo who wrote (2175)8/25/1998 7:52:00 PM
From: Mr. Pink  Read Replies (2) | Respond to of 18998
 
REXI is worse than Mr. Pink thought.

Management lied on conference call today claiming that company complies with FAS 125 and EITF 89-4. A close reading of EITF 89-4 (in conjunction with FAS 91) reveals that it does not comply with GAAP.

This Pig should be shorted. Reiterate sell recommendation and downgrade to Triple Turd With Flies.

Mr. Pink