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Strategies & Market Trends : The Round Table: A work by the squares of the SNDK thread. -- Ignore unavailable to you. Want to Upgrade?

To: Mike Ankley who wrote (50)	3/14/1999 9:03:00 PM
From: Ausdauer	Respond to of 194

Mike, Thanks for the research on IFCI. An endorsement by the Red Herring is nothing to take lightly. I have always felt that it was written with an unequaled level of sophistication. And it is one publication that I have trouble reading because of all the technical jargon that abounds. I had trouble analyzing IFCI because of recent acquisitions which tend to "artificially" increase earnings due to pooling of sales revenues and earnings. That is one reason I have only a small to moderate position in IFCI. A solid quarter which reflects consolidated earnings would entice me to buy more. Ausdauer

To: Mike Ankley who wrote (50)	3/15/1999 11:10:00 PM
From: Bill Zeman	Read Replies (2) \| Respond to of 194

Mike Thank you for the informative post on IFCI. You have almost got me to take a small position in it immediately. What holds me back is the uncertainty of whether or not we are going to see some real appreciation in this stock. If everybody knows their earnings are going to be good then would this not be already factored into the stock? It's hard to know because I have not been watching it daily. I have some questions: If IFCI is going to get too much above 7, 8 or 9 in the near future then why did Sapp Wallace sell well over 8 million dollars worth of stock in the last 9 months, much of it in the last quarter of 98, all between 5 and 9 dollars a share? biz.yahoo.com And if IFCI is going to get too much above 7, 8 or 9 in the near future then why are a bunch of investors putting pressure on the stock currently as per your Thom Calandra news piece? IFCI doesn't seem like too much of a value play at over 3 times book value. The PE is not too high necessarily, but it is comparable to AFCI and ALNK and by no means could be considered low compared to the traditional 18 that investors consider fairly valued. IFCI also has very little cash and is poised it seems to enter into more debt. The company is doing something to keep the stock from braking out of it's 5 - 9 1/2 range for the last year and a half. What is it that has been holding the stock back, and why is this cause(s) going to be abated? At this point I think I would be much more comfortable buying it at 5 than at 7 unless I could be convinced that it is finally going to make it's move out of this range eminently. Bill Zeman