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Strategies & Market Trends : Anyone following Capstead (CMO)?? -- Ignore unavailable to you. Want to Upgrade?

To: jmt who wrote (166)	12/13/1998 6:16:00 PM
From: MCsweet	Respond to of 216

> I do not know enough about this company to comment on its > attractiveness. But I do know if the company has net cash (Cash > & Mkt securities) less liabilities at $9 per share as stated, > it would not be trading at $4. You could be right. It is hard to argue with the market, but the market has only had one day to factor in the new information. In that one day, the stock price went up 30%. I believe CMO will go up more as more information is made available and the uncertainty regarding assets is reduced. I could be wrong, but I think it is a risk worth taking. MC