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

To: Dan Meleney who wrote (5876)	1/26/1999 12:34:00 PM
From: Paul Senior	Read Replies (3) \| Respond to of 78482

Dan Meleney: Yes, I still own FLYT. It was recommended by a Roger Thrash in July of last year, posts 4431 I think, and my comments on 4436. Essentially it was a net-net (from my brief analysis),and I decided to add it to a small package of net-nets that I've bought. I thought the company not only didn't even have a business, but the business plan they were proposing was crazy. Later on, after I bought,there was some reported news of a possibility that maybe some of the wiring or product they might have installed in the Swiss airliner that crashed might have been related to the alleged problem that might have contributed to causing that Swiss plane to crash. But of course you know all this already. Anyway, I am surprised this stock is trading higher than my buy price. Do you have a current opinion on FLYT? re your expertise in finance/securitization: I currently own at a loss, UC. Do you have an opinion on it? You bought a stock from this thread that went up 20x? Of course I am interested in that stock, but also who was the person who posted that stock and are there any more recommendations that person has made that we might revisit? Appreciate your comments. Paul Senior

To: Dan Meleney who wrote (5876)	1/31/1999 6:37:00 PM
From: Allen Furlan	Read Replies (1) \| Respond to of 78482

Dan, welcome and thanks for offer to look at finance companies. I have been in and out of National Auto Credit for the past 6 months or so. Paul Senior said he didn't believe in getting NAKD in the dark but that is what I did. The company should be able to file their SEC reports this spring and the lights may come on. They are a going concern and I guess I belive on faith their press release which says that an IRS refund has allowed them to retire most their debt. Before the lights went out their book value was reported to be about 7.50. Their goal is to apply for re-listing, probably NASDAQ. They were a NYSE listed company before their troubles. Have you heard of them?