| To: Tecinvestor who wrote (42) | 4/12/1999 1:33:00 PM | | From: Don S.Boller | | | |
It would appear, that the Berkmans are unconcerned with the
discount to the underlying values...However as mergers continue
in this basic field - their opinions may change. Meanwhile - IMHO
the discount gives AGRP investors a tad of a cushion...course
in a "rout" - that could prove very illusionary. When I first
looked at this situation (and took down a modest position)- I knew
it would require patience.
BWDIK.
Very best to you.
Don |
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| To: Don S.Boller who wrote (43) | 4/13/1999 4:39:00 AM | | From: zebraspot | | | |
>>I knew
it would require patience.<<
Not necessarily. First time I bought it (back in mid-'97) it doubled in a couple of months quote.yahoo.com.
It could easily do that again if the market keeps roaring ahead,
we get continued strength in T, a well-deserved big run in TGNT, and good news out of TruePosition.
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| To: zebraspot who wrote (44) | 4/13/1999 4:32:00 PM | | From: Don S.Boller | | | |
Zebraspot: Chart is illuminating...thanks for posting. Agree,
stock could double...see Netbank today...but you will admit that
this sort of action is NOT the norm. Tulips anyone?
BWDIK
Best to you.
(Long AGRPB)
Don |
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| To: Don S.Boller who wrote (45) | 4/13/1999 4:57:00 PM | | From: zebraspot | | | |
Don,
I agree this is tulip time, overall - but not our stocks, of course!
(though LVLT is truly in that category now, IMO)
I always keep some way-out-of-the-money MER puts around - can't tell you how many times they have more than offset my losses when the general market headed down -- you can make 100+ times your money on these in a month or so in a sell-off - cheap insurance. |
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| To: zebraspot who wrote (44) | 4/13/1999 6:11:00 PM | | From: Tecinvestor | | | |
Paul, I remember those days in mid 1997. The stock was in the high 30s and low 40s pre-split and was moving $4 - $6 in a day! The stock then went to $60 and split 2 for 1 around October 1997.
Now, we're trading at more than a forty percent (40%) discount to NAV. Ascribing a $12.00 valuation to TruePosition, this stock should be trading in the $90s.
Unfortunately, too much emphasis has been placed on the embedded capital gains issue. In my mind, it is really almost a non-issue.
Once the embedded capital gains issue is properly addressed by management, we should be off and running.
The movement of AGRP these past couple of weeks (and particularly these past few days) is just a tease. Given the recent run up of TGNT, LMG.A, LMG.B and T, AGRP should be doing much better. |
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| To: zebraspot who wrote (51) | 4/15/1999 8:32:00 AM | | From: Tecinvestor | | | |
Actually, Paul, one of the main reasons I feel good about AGRP is because of TruePosition. I do not see terribly dramatic moves in T and it has only been within the past week or so that I feel TGNT will soar. However, IMHO, I think TGNT will stabilize at this level, at least for a while.
There are two things that I now see that will move the stock measurably higher: an abatement or diminution of the embedded capital gains problem and TruePosition.
Regards. |
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