Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: McNabb Brothers who wrote (8053)	12/9/1997 11:53:00 AM
From: Christopher Charles Milas	of 9285

IAAI is ready to tank. The company is trading near it's 52 week high of 14. But, if you look at the charts, you can see it never closed above 13.25. This company has a P/E of 48, and for the past 9 months has posted 0% growth. In fact net sales for the last quarter decreased 11% over a year ago. This company's main line of business is auctioning automobiles. I don't see any new technological breakthroughs, products, etc... in the forseeable future ;) This one is a definite short. Happy Trading ....

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