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

To: FESHBACH_DISCIPLE who wrote (9166)	5/24/1999 4:27:00 PM
From: Pluvia	Respond to of 18998

**Mr Pin! Vacationing At BWT YHOO Thread** Until May 29, you may visit Mssr $ink at this location... messages.yahoo.com

To: FESHBACH_DISCIPLE who wrote (9166)	5/24/1999 4:34:00 PM
From: Pluvia	Read Replies (2) \| Respond to of 18998

*STRONG SELL SHORTSELL REC - BWT* Pluvia, In association with... Other powerful forces... Initiate Coverage of BWT as a Strong Sell/Shortsell... As some Pluvia followers may know, certain members of the Pluvia team were once in the BWT business, and have covered others in this industry - including PLSIA since 1995-96. Thus, the P$uvia team is intimately familiar with BWT and all aspects of their business... The full Pluvia Report on this company will be released late Tuesday afternoon (tomorrow). Please wear appropriate attire for this event, as Weather Forecasts call for Reality To Rain... Cheers $teve

To: FESHBACH_DISCIPLE who wrote (9166)	5/26/1999 1:04:00 AM
From: MAELING	Read Replies (1) \| Respond to of 18998

Dear Feshbach Acolyte, Although the real Bros. would probably put on such a position these days and use such logic, they would get hosed the same way that they have all through the '90's. Suggest that you read the TAPS proxy. The time to put on that position was last summer, or even this spring. MDM is NOT in default. The PPM unit in Calif. is under bankruptcy supervision, the entire company is not. Your information is pure Bandini. Suggest that you talk to the Caremark unit to find out whether they are operating under supervision of the Court. A deal to give 2 shares of MDM, extinguish the TAPS, and release the cash early might make sense. Otherwise the TAPS mature August 31, 00. The govt bonds will generate ~$2 in dividends. The likelihood of a filing by MDM is so miniscule that I assume you made it up. So it appears that your "Arb" will net you -$1 over the next 15 months. Suggest you hire Johnnie Cochran to press your case. And you can get off your knees now.