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Strategies & Market Trends : BFT: Will the tulip craze ever break down?
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To: put2rich who wrote (39)3/11/1998 3:28:00 PM
From: Pancho Villa   of 650
 
>Thank you for your work so far on de-mythesize a "cool" and "profitable" BFIT. <

It will get better. I will start a series of short posts exposing all the facts I found and listed in my larger post but in a more dramatic easy to read form. One thing I realized is that not even the analysts read the SEC fillings carefully to prepare their reports, they don't even go out there and check the terrible shape in which many of these gyms are. If at all, they are taken to the larger new ones like the one in LA.

Even thorugh cheating people with 1000+ memberships BFIT has been a lauzy business. The margins are just not there. They will just pump money down a big whole.

Mr Hillman? Why do you need so many out of focus/ridiculous ideas for alternate sources of revenue, like the ones mentioned in your latest 10Q? Is it that you know that the gym business sucks and want to get out of it? Do you think you can make it in the insurance, credit card, HMO business?

>Why don't we forward those e-mail complaints to the Fund Managers < Everyone's help is appreciated. I am doing my share but it is not so easy to penetrate the firewall they build around this guys. Snail mail may be a better alternative. I trade with Fidelity and even getting to their managers is difficult.

Pancho
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