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Non-Tech : Loewen Group -- Ignore unavailable to you. Want to Upgrade?


To: Michael Bidder who wrote (145)4/12/1999 11:58:00 AM
From: MF  Read Replies (1) | Respond to of 277
 
This board is as dead as the company will be.

For the record......

I covered 2/3rds of my $5.40 short last week @ $1.67 (Toronto)

I covered not because my opinion has changed, but because I feel the stock will flounder around this price for the next couple of weeks if not longer. I see no triggering events to move the stock up or down for a while. My DD on a couple of other stocks have me convinced my money is better used elsewhere (AMCX & EDUV)than sitting here with little to no activity. I am however convinced that the company's common stock will have a value of $0.00 after the distribution of assets to the creditors / bond holders.

I have no plans to cover my remaining short @ any level and suspect that the stock will eventually be halted & cease traded and never come back to trade with years of litigation.

I must admit this thread has provided a level fun & humor for me over the last 3 months.

Wishing you all well,

MF