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  • frozenengineer frozenengineer Mar 3, 2005 11:27 AM Flag

    O/T UTS/PCA JV - Thanks Frozen

    Bob,

    It was a good ride. I sold half my position yesterday and the rest this morning. I got a double in just under a month. Sorry for the gloat. I know it will not always be this easy. In arriving at a deal sooner than later I think PCA did get a lot of the leverage I originally saw accruing to UTS. I suspect UTS should be worth 7 or 9 dollars by 2009 - I just don't know what that means for fair value today given the road ahead. I am happy to hand my shares of to someone else and I hope tha they do as well with them as I have.

    FWIW, frozen

 
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