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


To: Bill Wexler who wrote (3420)10/1/1998 2:01:00 AM
From: PaperChase  Read Replies (1) | Respond to of 18998
 
Bill,

Surprisingly the cost for playing "lost in space" appears to be very low for DTLN.

"The Company's costs related to the failure of Galaxy IV include telecommunications, labor, satellite costs and customer communications. These unusual non-recurring costs, on a pre-tax basis, were estimated to be $5.8 million ($3.7 million after tax)"

Opinion?



To: Bill Wexler who wrote (3420)10/1/1998 7:06:00 AM
From: Mr. Pink  Respond to of 18998
 
This sounds like a great idea. A hyped up company with deteriorating fundamentals, an outmoded technology desperate to be sold. Shareholders who subscribe to a "get rich" concept that will only make them poor. Mr. Pink will look at it this morning.

Mr. Pink



To: Bill Wexler who wrote (3420)10/1/1998 7:18:00 AM
From: Bobo  Read Replies (1) | Respond to of 18998
 
Bill,

In Mr. Pink's response regarding DTLN, he referred to the company's fundamentals as "deterioriating". What is your opinion on this? I peeked into the latest 10Q for DTLN and noticed very positive operating cash flow. Even if they are not growing the business, the cash flow seems to justify the current stock price. If they are losing customers, well that is a different issue. I would appreciate your thoughts.

Bobo