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Technology Stocks : ALU - Allou Health & Beauty: Another Web Play -- Ignore unavailable to you. Want to Upgrade?

To: Timoteo who wrote (311)	4/23/1999 1:36:00 PM
From: Richard Karpel	Read Replies (5) \| Respond to of 418

No, I didn't expect a 10-bagger. But what does it matter what I or anyone else expected? And who cares what the CFO told you last month? The issue is -- could the company have received a better deal than this? And the unavoidable answer is: Yes, they could. It doesn't matter what you think or what management thinks. What matters is what the market thinks, and the market has been saying loud and clear for months now that The Fragrance Counter is worth much more than the company received for it today. Management has a fiduciary duty to increase shareholder value. Instead, they sold off their most valuable property at a discount to their friends at the Subdury Group. Given the nature of the deal, it appears rather obvious that they didn't even shop the property around to determine fair market value. That suggests a serious breach of fiduciary duty, and it's why the company is going to get sued.