SME(svcdq) has it bottomed out yet? Or will it hit bottom? Message Board

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Non-Tech : SME(svcdq) has it bottomed out yet? Or will it hit bottom?

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To: leigh aulper who wrote (238)	1/7/2000 7:40:00 AM
From: Arthur Tang	of 305

Thank you for the post of the latest news release. Cash flow was $100 million last year. Earnings before anything was $40 million. Projected revenue will be just below $1.7 billion. Overhead at $600 million this year is a concern. Chapter 11 planning will have to include cramdown. Which means stockholders will be questionable being whole. It may be a reduction of new shares or only warrants for new commons for current stockholders or maybe both. A creditors committee will be formed soon. Business needs to rebuild traffic, since SMC has a niche in housewares, furniture, and Jewelry including gifts. Catalog and website should carry banner advertizing for income. Stock is in a technical rebound, even though turn around strategy of the company may still have to be evolved. Investment had to be nimble. Frequent trading is recommended. Most trading of small stocks are on the internet brokerages which is momentum oriented and most of the time lacking supervision by market makers. Quick fingers on market orders gets the worm, so to speak rather than early bird.

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