Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Jim@Inland who wrote (1492)	6/4/2001 12:12:24 AM
From: Michail Shadkin	Read Replies (3) of 6873

Jim - Re: HLYW HLYW has a total of 1,816 video superstores in 47 states and the District of Columbia. The Company is working with its lenders on a formal amendment to its revolving credit facility, which would change the existing amortization schedule to match the business plan presented to the lenders in April. In order to allow additional time to complete the negotiations, the Company's lenders have unanimously agreed to extend the previous principal deferral and covenant waiver until June 5. As part of this extension, the Company made a $1 million amortization payment on May 5. The Company is targeting to have its amended credit facility in place by June 5, although it may not be successful because the final agreement requires an affirmative vote by 100% of the approximately 20 lenders. Failure to reach a satisfactory agreement with its lenders could have a negative effect on the Company's business and operations. Adjusted EBITDA for 2001 is expected to be approximately $185 million Lots of insider buying around $2 or less last 5 months. They earned +.07 last quarter expect -.01 this quarter 2001 estimate is +.23 2002 estimate is +.79 The estimates are by 1 analyst, who know if they have validity. Negatives are: tons of debt cash is .07/share But they do have a substantial credit line. News should be coming June 5 on this. Based on the stock price and insiders buying, it should be good. I just dont think this is a good spot to be short. Maybe after the news comes out at higher prices. Far as holding to ZERO, I wouldnt hold my breath. I think a much better alternative is AEN in a similar sector. All the news is out, dump should start soon. I will actually profile them tonight or tomorrow night. traderpulse.com Michail

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