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

To: Patriarch who wrote (4863)	12/2/1998 7:46:00 PM
From: TraderXx	Read Replies (1) \| Respond to of 18998

Mr Pink.....would like to ask you if you are short BLDPF. I had read some comments about you shorting the stock and I would appreciate any perspective on its downfall. I would also like to ask you about the near term prospects of the market, at least through January. Long on KLOC...any other news about them as well? Thanks for the help.

To: Patriarch who wrote (4863)	12/2/1998 8:58:00 PM
From: Patriarch	Respond to of 18998

Fingerhut Completes Acquisition of Popular Club Plan, Inc. MINNEAPOLIS--(BUSINESS WIRE)--Dec. 2, 1998--Fingerhut Companies, Inc. (NYSE: FHT), one of the nation's largest catalog companies and direct marketers, today announced that on Nov.25 it closed on the acquisition of Popular Club, a New Jersey-based regional cataloger of general merchandise with annual revenues of $180 million. The Popular Club acquisition, the third for Fingerhut in the last four months, is part of Fingerhut's aggressive growth strategy. "This acquisition is yet another example of Fingerhut's ability to leverage cross-selling opportunities, apply our proprietary credit and database modeling capabilities, and seek purchasing and infrastructure synergies to enhance our profitability," said Ted Deikel, Fingerhut chairman and chief executive officer. "This cash acquisition will be accretive to earnings before synergies." Said Fingerhut President Will Lansing: "Fingerhut has the infrastructure and scale to grow Popular Club through geographic expansion. In addition, the acquisition gives Fingerhut approximately 660,000 customers, new avenues of selling, and extends our reach into the expanding moderate-income market." Popular Club, owned by Texas Pacific Group, is the predecessor to J.Crew. It is based in Garfield, New Jersey, was founded in 1947, and serves customers in the Northeast United States. Fingerhut Companies, Inc. is a leading database marketing company selling a broad range of products and services through catalogs, direct marketing, and the Internet. The company also owns Figi's, a food and gift catalog company, and Arizona Mail Order, a catalog apparel company. Fingerhut owns approximately 20 percent of PC Flowers & Gifts, a leading on-line provider of flowers, gift baskets and gourmet food. Based in Minnetonka, Minn., the company and its subsidiaries employ approximately 9,000 people. Fingerhut can be found on the Internet at www.fingerhut.com, www.andysgarage.com, www.thehut.com, www.figis.com and www.pcflowers.com --30--mb/ms* CONTACT: Fingerhut Companies, Inc. Lynda Nordeen Director, Corporate Communications (612) 936-5015 lynda.nordeenfingerhut.com or Gerald Knight Executive Vice President, CFO (612) 936-5507 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (c) 1998 Business Wire