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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (9160)	5/24/1999 8:22:00 AM
From: RockyBalboa	Respond to of 18998

Mr P$nk, Feshbach... I'm confused. Which one to buy now? MDM or MDX. From what I have read, MP prefers MDM on any weakness. (Whereas Feshbach wants to short mdm and buy the taps). Care to explain the mechanics here? Thanks. IS.com

To: Mr. Pink who wrote (9160)	5/24/1999 1:19:00 PM
From: TRIIBoy	Respond to of 18998

Oh holiness, you mentioned last week TRIH. Would you be so benevolent to illuminate our minds to the benefits of this spin-off. A humble servant.

To: Mr. Pink who wrote (9160)	5/24/1999 2:26:00 PM
From: FESHBACH_DISCIPLE	Read Replies (3) \| Respond to of 18998

Mdm is in default under indenture.In bankruptcy filing for mpn in california they admited that they funneled more than 10% of assets to this unit,as well the unit has been in bankruptcy for more then 60 days another default. I hear in talks to receive between 2-3 shares per mdx and release the 450 million early to pay off debt.Since trade was put on at very low spread huge risk reward. If mdm files for bankuptcy $22 per share goes to mdx and mdm goes down to zero so you get a double whammy.Then you have the potential settlement which is another win. There are calls to put mdm the parent into bankruptcy in california. It's definetely a better play than just buying mdm.