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


To: CoffeePot who wrote (3506)10/5/1998 6:53:00 AM
From: Mr. Pink  Read Replies (1) | Respond to of 18998
 
Bottom line: finance company trading at adjusted 4X book....Residual assumptions too aggressive...In recession losses will sky-rocket.

Watch out below...As all have learned by now, when these companies start to implode, it happens, as F. Scott Fitzgerald said in The Beautiful and Damned (referring to how he went broke)

"Gradually and then suddenly"

Mr. Pink