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Re: south louisiana post# 90254

Saturday, 03/22/2003 7:49:19 PM

Saturday, March 22, 2003 7:49:19 PM

Post# of 704047
On paper MIR is very undervalued. But the silence is disturbing, so I only hold a relatively small common stock position. It is not natural for public company managements to hide good news, but i have to admit that with MIR anything is possible.

I do have a decent position in MIR bonds, bought at 50 cents on the dollar. It's one way to profit from the situation without too much risk, since in a BK situation I think the assets are worth more than what the bonds imply they are.

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