To: Madharry who wrote (872 ) 2/2/1999 5:27:00 PM From: jtechkid Read Replies (3) | Respond to
I STILL LOVE DSSI and think at some point it will go through the roof. the key is this is a hot money market-momentum chasing stocks and book value, cash, does not matter at this time. but, some of these stocks that are flying was once dead money. don't forget that. dssi reminds of two companies that i have owned and sold. data broadcasting(dbcc), computer science(mall) these were two holding companies that 4 months ago was like dssi-dead money-dbcc was a professional 3-5 doller stock if you know what i mean. but, they had private companies that the market gave no value until they decided to spin them off in an ipo. when that happened both stocks more than tripled in a month. again, for investors dssi invested 4 million in tower their stake right now is 23million . tower has a 12 book value and 6 dollers net cash. tower has bought 1 million shares back in the last 6 months. i know nobody cares? this year tower will either be divested or sold by the end of this year. dssi can divest tsemf tax free to shareholders in october, believe management cannot wait to do this in my opinion. dssi has a mkt cap of 15 million with 23 million in tower. dssi is a steal if for a small cap investor-every company has its day and the easy and safe money is made at the beginning. i still believe converge will be spunoff in an ipo at some point with a mkt cap of 200-300million. remember, cellnet ,the leading competition-did their ipo through morgan stanley with a 600 mkt cap-with virtually no sales-so yes i trade the mkt but don't be afraid to go against this herd metality because thats where the big money is made. go dssi-the more of seen how the mkt treats holding companies when spin off companies the more i like dssi. it will have its day and 20,000shares it only 40,000dollers.
