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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (30532)	10/7/1998 2:04:00 AM
From: Brad Bolen	Respond to of 94695

RE: Hey, psst! Brad! Over here! Shh! Hey, Brad, you know what, if the company is selling at a price less than, say, book value, wouldn't it be smart to - - dare I say it - - buy? Shhh! Remember, you didn't hear it from me. This conversation didn't happen. Who? What? Go long in stocks? No, sir, officer, we would never do such a thing. Hi Cobalt, No I didn't say they were below book value--in fact they are, though. I said that they had more CASH per share than the stock price. That is, the float is 8 mil, but they have 18 mil in cash and no debt. Yeah, I guess I outta buy it....and might indeed...cept the MARKET is saying: "Psst, hey Cobalt, over here......give us a spin...we may be outta bidness soon...we may spend all that cash for not'in....you could buy us though...savvy..." B.