BOSTON MARKET (BOST) OVERVALUED AND UNORTHODOX ACCOUNTING! Message Board

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Strategies & Market Trends : BOSTON MARKET (BOST) OVERVALUED AND UNORTHODOX ACCOUNTING!

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To: Candle stick who wrote ()	4/23/1998 11:11:00 AM
From: Stan Walker	Read Replies (1) of 53

Candle, Would you look at MMGR Medical Manager? They came public Jan 1997 at $9 to 10 per share. Today they are $30 and change. They make software that doctors use in their practices and they are going around buying up small dealerships. During their first year they showed $16 million in before tax income but they also showed an increase of $24 million on the balance sheet. As near as I can tell this Goodwill represents the excess of what they paid for these small dealerships and what they were actually worth. I don't think this is illegal or anything but is it sneaky? I appreciate any light you might be able to shed on this company. Regards, Stan

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