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Workflow Management, Inc. (WORK) Message Board

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  • dennis12716 dennis12716 Jun 27, 2003 8:04 AM Flag

    Where is it all going....?

    I agree with your summary,according to Thompson only 2% traded were institutions .I would have thougt they would be the first to bail out.In my opinion the best senerio for the stockholders at this time would be another company buying workflow.My question is what is it worth with all the debt that they accumulated?

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    • <<I agree with your summary,according to Thompson only 2% traded were institutions .I would have thougt they would be the first to bail out.>>

      I would have thought so too. They were the first ones to jump on the bandwagon and drive the price up when WORK went through the management reorganization. Now, with "bad" news they are staying on board. That leads me to believe that they have more insight (or at least think they do) into the long term plan.

      <<In my opinion the best senerio for the stockholders at this time would be another company buying workflow.>>

      Agreed. At this point the best I can hope for is something in the $5-6 range in a buyout before the end of the year. I don't see WORK as a long term buy and hold - not at all.

      <<My question is what is it worth with all the debt that they accumulated? >>

      Good question. Hopefully something North of $4/share since the current price support seems to be holding.

    • mutually_assured_destruction2003 mutually_assured_destruction2003 Jun 27, 2003 9:32 AM Flag

      most likely("above current share price")???