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Just some musings from the last 7 days-there are facts boys not rumors:
*10 confirmed cars for next year-despite the XXXX being shoveled by CART.
*77% DECREASE in cash on hand per July 2002 financial statement. This does NOT include he massive amount of $$$ to be paid to the teams who run next year.
*75% DECREASE in stock price since Pook took the helm. Perhaps he and Gary Wendt from CONSECO can team up on their next project.
*Their largest stock holder tried to spend $50 million to lure back a former champion and was told "NO thanks".
*If they are in such great shape-why has FORD NOT announced they will be part of CART next year?
*CART so cheap to run? How come they are not talking about the $110,000/per car to modify to accept the COSWORTH engine?
*Pook calls CART's most successful and recognizable driver a has been (essentially)-wow class act!
Conclusion-if you own their shares at $4-sell. You will be very glad you did.
*10 confirmed cars for next year-despite the XXXX being shoveled by CART.
*77% DECREASE in cash on hand per July 2002 financial statement. This does NOT include he massive amount of $$$ to be paid to the teams who run next year.
*75% DECREASE in stock price since Pook took the helm. Perhaps he and Gary Wendt from CONSECO can team up on their next project.
*Their largest stock holder tried to spend $50 million to lure back a former champion and was told "NO thanks".
*If they are in such great shape-why has FORD NOT announced they will be part of CART next year?
*CART so cheap to run? How come they are not talking about the $110,000/per car to modify to accept the COSWORTH engine?
*Pook calls CART's most successful and recognizable driver a has been (essentially)-wow class act!
Conclusion-if you own their shares at $4-sell. You will be very glad you did.
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