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

To: Mr. Pink who wrote (6170)	1/14/1999 7:46:00 PM
From: xcr600	Respond to of 18998

<< He sold half His position in BII after His affiliate reported back regarding a management meeting. >> I take it things didn't go as well as hoped? x

To: Mr. Pink who wrote (6170)	1/14/1999 7:58:00 PM
From: Laurie Anne	Respond to of 18998

Dear Mr Pink, Can you possibly post the outcome of the BII meeting(s) and what has caused you to lighten up on your position? Also, have you revisited AHG lately? Was it just oversold there for a while? It seems to have garnered some upgrades and considerable insider buying. Thank you for your insights, Snowbound in NY

To: Mr. Pink who wrote (6170)	1/14/1999 8:04:00 PM
From: donkeyman	Read Replies (1) \| Respond to of 18998

From what I can gather, Mr. pink is a huge trader in a large number of stocks, and I would say he is moving shares all the time.?? For example: (IF) he had Cdn$1 million worth of BID.COM shares, what he is really saying is, he will continue to hold Cnd$500,000 worth, and sell the other Cdn$500,000.?? Is that how you read it.??

To: Mr. Pink who wrote (6170)	1/14/1999 8:16:00 PM
From: gbr	Read Replies (1) \| Respond to of 18998

Is this the stock that was "the stock of 1999?" I'm alittle disappointed. Pump and dump ?

To: Mr. Pink who wrote (6170)	1/14/1999 9:29:00 PM
From: steve host	Read Replies (1) \| Respond to of 18998

Mr Pink - I'm sure you heard of the amazing upgrade report from Bear Stearns on FHT - Here are some excerpts to chew on. It seems we could be in for a great ride on this stock - a true undervalued internet player in more ways than one. Once this story gets out the stock should zoom - glad to know you are still a fellow shareholder. Great Pick - I added more today - Thanks again - Here are the excerpts someone sent me: *** Fingerhut, which historically has been a catalog of general merchandise targeting the lower income spectrum of the U.S. population, is in the middle of a rather remarkable transition. We believe that investors will more fully appreciate the benefits of this strategy as we move to the middle of 1999. Remember, FHT is the company that created Metris (MTRS-$44) to leverage their credit data base and spun it off to shareholders in 1998. We believe that FHT plans to pursue a similar strategy with their Internet ventures -Fingerhut Business Services offers incremental growth and could be the hidden asset to FHT investors- Fingerhut realizes that many retailers and manufacturers want to either sell via catalog or now more likely, sell via e- commerce, but are unable or unwilling to do the order processing, warehousing, pick and packing, shipping, customer service, and returns as they are unaccustomed to dealing with customer orders on a one to one basis. Fingerhut offers a menu of services ("from the website back") and indicates that they have signed up a number of clients (10 currently) and those 1998 revenues which accounted for close to $10 million, and expected to be at least $50 million in 1999, could exceed $100 million in 2000. The key here is that by utilizing its 9000 employees, 2200 tele-marketers, and 3 distribution centers, FHT is able to offer something to retailers and manufacturers that nobody else is offering on a soup to nuts basis. Additionally, Mr. Lansing indicates that operating margins in this sector are a healthy 10%. Along with current FBS deals with Wet Seal, Intuit, and Kmart, we look for some big announcements to get investor attention in the first half of 1999. Investors getting excited about the exploding growth of Internet retailing, should wonder how all of these web merchants are going to be able to handle all of the volume that is predicted -Fingerhut has acquired an interest in a string of e-commerce start ups over the past months, including PC Flowers.com, mountainzone.com, and freeshop.com. The game plan on these acquisitions is to buy a 19.9% interest in these businesses (as they are currently losing money and FHT does not want to consolidate their results). At the time of purchase, they also obtain warrants to allow them to gain a 60% stake in the entity with the plan to utilize the FHT clout to gain buying and database efficiencies. The company's plan is to do an IPO of some or all of these e-commerce companies at the 15% level so that post deal, FHT would still own 51% of the entity or more. On this front, we think a public offer for PC Flowers.com and freeshop.com are likely 1999 events. Management also indicates that we should see 10 to 15 more announcements throughout the year, beginning over the next few weeks.