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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 (2886)9/12/1998 1:44:00 PM
From: Rajiv  Read Replies (1) | Respond to of 18998
 
Mr. Pink,

I have been doing some reading on the deal between FP and Life Financial Corporation (LFCO).

As FP has dropped significantly, the conversion ratio for the merger will be 1 share of LFCO gets 0.67 shares of FP.

Yesterday's closing prices

FP - 15.625
LFCO - 5

LFCO is trading at a significant discount to 0.67*FP (0.67*15.625=10.4)

Is the merger deal off ?

Regards.
Rajiv



To: Mr. Pink who wrote (2886)9/12/1998 7:22:00 PM
From: Arizona997  Read Replies (1) | Respond to of 18998
 
Mr. Pink, what's your take on LBOR. I shorted Friday on the bounce. How much more upside do you see (if any) before it heads back into the tank where it belongs?

Gary G.



To: Mr. Pink who wrote (2886)9/12/1998 8:57:00 PM
From: Clase Azul  Read Replies (1) | Respond to of 18998
 
Mr Pink, you are suggesting more shorting of ABTE at current levels?
Thanks



To: Mr. Pink who wrote (2886)9/15/1998 6:35:00 PM
From: limit  Respond to of 18998
 
Mr Pink,
Amazing!!

Month Shares Short Avg Daily Volume ACRT Actrade International Lt
08/98 2,086,113 134,512 15.51
07/98 2,048,521 111,145 18.43
06/98 2,058,128 131,458 15.66
05/98 2,025,643 283,389 7.15
* Ratio = Shares Short / Avg Daily Volume; it may be used as a rough measure of days to cover.