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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Kimberly Lee who wrote (4037)5/6/1999 12:01:00 PM
From: Mr. Fortune  Respond to of 108040
 
IDFR is going nuts now.. up quite a bit.... hmmmmmmmmmmmmm
Where is this headed?



To: Kimberly Lee who wrote (4037)5/6/1999 1:51:00 PM
From: Dave Gore  Read Replies (1) | Respond to of 108040
 
BUYING ** SJIG ** eps of 26 cents per share plus own big interest in SLEU

Nice pick! here is some additional DD by Francois Goelo whom I highly respect:

To: +DablocTrader (150 )
From: +Francois Goelo
Wednesday, May 5 1999 3:16AM ET
Reply # of 168

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 + + +