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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: michel petit who wrote (59235)	5/13/1999 12:51:00 PM
From: Michael Bakunin	Respond to of 132070

LPGL (née LPGLY) was cheap for a reason. Even after settling the lawsuit that hung over its head, and selling an underperforming subsidiary, the company wasn't exactly going gangbusters. If you think $27/share means the 'discount has been eliminated', where were you when the stock was at $12? IMO, the core businesses are worth no more than $18, perhaps less. The extra $10+/share buys you uncertain revenue from Berkeley IPOing its VC deals -- possibly remunerative, but very unpredictable. Good investment? Perhaps. "Value play"? Hardly. -mb