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To: Paul Senior who wrote (5642)1/6/1999 7:22:00 PM
From: Robert Hoefer  Respond to of 78717
 
No offense taken, Paul. In fact, I'm always looking for constructive criticism. It's so easy to be blinded by optimism. I looked at the investment company you mentioned that was similar to Equus II. It turned out to be so similar that I think it might be redundant to buy it. It's portfolio also seemed more "mature", which at least demonstrates how patient those guys are. I looked at ELAMF after you mentioned it. Correct me if I'm wrong-- at $3.62 it sells at 80% of it's net current assets, a la Graham?