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

To: Linda Kaplan who wrote (361)	4/29/1999 12:52:00 PM
From: Bo Le	Read Replies (1) \| Respond to of 418

ALU does not deserve selling at book value, as the market tell us. There are plenty of companies selling below its book value. How can you guys say anything good about the ALU management which sold out YOUR HOPE at discount and brought it back next day at an inflated price. By doing it, they turn your HOPE into your PAIN. Look at what they did: 1. Sold ALU's interests on TFC for $37.5 million. Since Jacob family own 13% TFC, that means J* family's $3 million investment become $5.6 million --- a 86% plus return in a few month. 2. They brought 13% TFC back for $18.5 million. This means what they sold minutes ago at $43 million now they pay $142 million (YOUR MONEY) to back back. This further means that J* family's $3 million investment now become $18.5 million --- a 500% plus return. If J* family has not cashed out yet (I don't know where that $18.5 million really went), now they can try to sell their interest in TFC for $18.5 million because there are already a buyer (ALU) paid that price. What ALU shareholders get? On average, they loss 25% their investment so far. Do we have a good management??? Bo