GREY:AFRIF - Post by User
Comment by
logical1234on Dec 18, 2002 3:32pm
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Post# 5691302
RE: reality check - pizza delight
RE: reality check - pizza delightI don't think the Pizza Delight situation was the same as AFF:
- Pizza Delight was a private company trying to do an IPO, while AFF is already a traded company.
- Pizza Delight evidently couldn't get investors to buy at their price and conditions. Maybe the price was too high? At a lower price, they wouldn't have had a problem? AFF is already trading, so there is no need to find buyers to sell to.
Fair disclosure: I have recently bought a bunch of AFF. To me, they are in the process of cleaning up the company's problems, and would be a turnaround scenario even without the added benefit of a royalty trust.
I hope they can accomplish this by early March, before the tech sector will be doing its annual crash and dragging other sectors with it -- except for the companies that are paying real returns, like income trusts.