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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (7262)	5/21/1999 9:07:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78547

Jim, Allen F. re: SLOT, PWRH. PWRH story is easier for me to buy into (than SVR). Surprised no one's mentioned it here earlier. PWRH has received a buyout offer of $19.50 cash from SLOT. PWRH is trading now about $18. The buyout will take perhaps 6 months. SLOT has recently received an okay to buy 5% of the outstanding shares before the cashout. I think the odds of the buyout occurring are very favorable. I've taken more than a full position. FWIW. Paul.