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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Dave Pestle who wrote (4023)	3/3/1999 10:03:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Dave, the only reason I think the PLCOP is so cheap, is simply too few know about it. . .or have put two and two together. That is it. At the end of 99 with the Ps converting into Cs, there will certainly be dilution. . . my guess/hope is the commons will be somewhere around 7 by then, which means the pfd will be worth 42 each. . . especially if they keep putting out financials like the last one . . and they get relisted on the Nasdaq, like everyone is hoping. The company is making some serious profits these days. . .last financial showed an 11.5 mil profit in last 9 mos. . .so if they keep up that sort of growth, they will be able to afford to buy back a nice chunk of their own shares. Now of course all of that is conjecture living in a perfect world. . and the world is far from perfect. Rande Is