Baldwin stock

[Billbrpt@AOL.COM]

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In a message dated 5/5/01 9:13:23 AM Central Daylight Time, 
dporritt@post.cis.smu.edu (David M. Porritt) writes:


> I just noticed that Baldwin went up to $2.65 today, and so far today 417,000 
> shares have been traded.  

This is really not an unusual amount of shares to be traded, very moderate, 
actually but way up for Baldwin.  The price closed at $2.52.  The movement is 
largely from day traders trying to make a quick buck.

For sure, if someone bought a large amount of Baldwin stock down at its 
lowest level ($1.50) or even where it closed today and the value went back up 
into the teens, twenty or thirty dollar range, that person would profit 
greatly.  But this company is in serious trouble so that kind of movement in 
the near future is highly unlikely.  At best, the company will be able to 
survive if it downsizes and makes some wise decisions about the kind of 
products it produces and how it markets them.  But even if it does, it's 
price per share will likely remain below $10 for years to come.

Being bought out by an Asian company like Samick is also a likely 
possibility.  I wouldn't recommend spending any more on Baldwin stock than 
you might on buying lottery tickets when there is a big jackpot or an amount 
you might set aside for casino gambling.  The risks are comparable.

Bill Bremmer RPT
Madison, Wisconsin

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