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

To: Spunky Beaver who wrote (4999)	12/7/1998 2:36:00 PM
From: carnivore	Respond to of 18998

Does Mr. Pink have any opinion on XLG? Looks like a classic undervalued spinoff. Publicly traded real estate opportunity fund spun-off from Excel Realty (now called New Plan Excel) in March. Probably uneconomic post spin selling as parent was a REIT (XLG is a C-corp), paid a dividend (XLG doesn't), and was much bigger in market cap than XLG. XLG looks like it is trading for below understated BV. Is run by smart managers who reached into their pockets and bought big chunk of the stock through private placement at the spin and have been buying stock in market since. Famed value manager Mason Hawkins owns lots of common stock and preferred. Any thoughts?

To: Spunky Beaver who wrote (4999)	12/7/1998 2:43:00 PM
From: Matt Black	Read Replies (2) \| Respond to of 18998

Then I came to the right place. Now that I look back I guess I was really agreeing with MP when I bought back into CCSI at 3 1/2 to 8, but I just did'nt speak the language--I thought he was still "shorting to ZERO." So, like an idiot, I called him all kinds of names before selling my second position at 8. As it turns out maybe we were on the same side all along. Hail Pink!!! That one goes to charity. (the Matt Black Porsche fund) Grateful Matt Black