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Old 10-12-2005, 01:19 PM
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Default Re: The Party\'s Over

[ QUOTE ]
As I stated in a few other threads, Party's action is clearly +EV for them, which should make it a good buy, the only question is has the excess valuation from the IPO hype been removed from the system yet.

[/ QUOTE ] Exactly. This looks like a case of two wrongs making a right. The market overvalued Party when it IPO'd, and now it's punishing Party for increasing its profits by cutting off Empire. It's not obviously over- or under-valued right now.
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  #12  
Old 10-12-2005, 07:33 PM
Dan Mezick Dan Mezick is offline
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Default Re: The Party\'s Over

Yet, obviously in a down trend.
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