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Strategies & Market Trends : Resource America (REXI) -- Ignore unavailable to you. Want to Upgrade?

To: Tim J. Flick who wrote (49)	8/29/1998 1:31:00 PM
From: Mr. Pink	Read Replies (1) \| Respond to of 220

Just to clarify, they said $50m of "corporate securities". This includes their 12% debt offered at a 17% yield. Considering that they only get about a 10% cash on cash return on investment, maybe they will buy back the bonds. (in fact, they seem to only make about 7% but that is another story) In any event, Mr. Pink took the desperate announcement as an opportunity to short another 100,000 shares around 15 bucks. Thanks to the sucker who bought those. To Fast Eddie "Chef Boyardee" Cohen: your soufle has fallen. And you ain't got no more eggs. Mr. Pink