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Non-Tech : The SJI Group, Inc. (SJIG) -- Ignore unavailable to you. Want to Upgrade?


To: DablocTrader who wrote (150)5/4/1999 10:00:00 AM
From: spy hard  Respond to of 217
 
You guys are going to be sorry for bailing out. No hype intended, just my opinion. Steady rise up from now on.



To: DablocTrader who wrote (150)5/5/1999 3:17:00 AM
From: Francois Goelo  Read Replies (1) | Respond to of 217
 
Dabloc, I bought back at the time of the mid-#40 posts and waited patiently...

The Company has changed for the better. It now has an e-commerce venture and has stated that its assets, excluding holdings in SLEU, exceed liabilities 3 to 1.

The SLEU (at $10.00/share) holding is worth $2.60 for each SJIG share. Add another $2.40 or so for the rest of the business and you get about $5.00.

Now, I have written, a while back, a post showing that SLEU is likely to be sold sometimes this year for some $30 to $45 per share. If we say $30.00, this add another $2.60 x 2 = $5.20 to the stock.

So, SJIG could well be worth some $10.00 within a short period of time. That's why I have only sold enough to cover my initial investment and I am waiting for the big move.

Cheers, F. Goelo + + +