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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (5754)	1/13/1999 12:03:00 AM
From: Rollcast...	Respond to of 78744

Paul Senior, thnx for responding. The true Value here is created thru the divestiture of TFFI's seasoning division in November - that is the 33% decrease in sales that quarter. But here's what TFFI get's from the sale - TFFI drops 5 million in debt with a savings of over $500k in interest expense. - TFFI also drops it's only real drag on margins (which was the seasonings division). So while still maintaining $15-17 million in base revs they can now allow those revs and earnings to fall to the company without dilution from a losing asset - not to mention the debt they wont have to service. Now they add the president of HAIN and the senior investment banker in DLJ's chemical division to their BOD. Also a PR firm announced today. I'd say TFFI's gotten lean and mean and now they are gettin ready to rumble. As always IMHO!