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PSS World Medical, Inc. (PSSI) Message Board

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  • sl99999 sl99999 Feb 8, 2000 1:48 PM Flag

    Mimi your not alone!

    I was reading Barron's paper this week,
    and
    another company
    -not in the same industry as
    PSSI-
    was hurt bad a few days ago, when
    the revenue
    was not what the street
    aniticipated, but still
    profitable.
    Its stock(INSO) went(check this out!!!!)
    from
    $42 to $12 in a single day.
    INSO contacted Morgan
    Stanley to consider
    a possible sale of the
    company.

    Another stock(IMRS) went down to $8.5 from

    $10.50 when it announced(few days back)
    that instead
    of having a profitable quarter,
    they will lose
    15 cents per share.
    However, IMRS did not
    contact any Wall Street
    firm to possibly set up the
    company for sale.
    The stock recovered since then and
    today
    is around $9.83

    What is these
    stories mean?
    Well, some companies think they can not
    do
    better in the short term and to calm
    investors
    and insiders, put up the company for
    sale.

    Is this the right conclusion?
    Any freaking
    experts out there?

 

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