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


To: Mr. Pink who wrote (2281)8/31/1998 9:15:00 AM
From: BEEF JERKEY  Read Replies (1) | Respond to of 18998
 
Mr. Pink

Re: MRVC

I may have made an emotional/technical buy Friday based on the fact that I have always made money going long on MRVC at much higher prices and just couldn't help myself @ $6.25. MRV management may still be full of it but I suspect this disaster will jolt them to reality and maybe honesty. MRVC does have a pretty decent cash position (not all raised from the recent offering) and Revs in the $200,000,000+ dollar range (not all growing just from acquisitions). Any other figures have too much doubt cast on them for any reasonable analysis.

Mr. Pink I do have to THANK YOU. Your points on the MRVC board
raised enough questions in my mind about MRV that I did get completely out late July and averted a financial disaster. My new position is only a fraction compared to that one. Others should have thoughtfully considered your point of view.

Technically I am an orphan and my mother was a widow so life has been hard enough as it is.

Thanks for your valuable opinion(s).