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Re: mlsoft post# 109675

Wednesday, 05/21/2003 9:31:47 AM

Wednesday, May 21, 2003 9:31:47 AM

Post# of 704048
Thanks for confirming that for me. I was short 3000 IP and did not want to pay the dividend, so I covered yesterday and will try to buy back today at a decent price, pocketing $750 along the way. IP is sporting an incredibly high PE (63), earnings (TTM) are only 57 cents and they pay a one dollar dividend.)They are selling off land to pull off this trick. All of their divisions are down Y-O-Y.) I think it is a good short. Look at the graph and see what you think.

schloss

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