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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Market Tracker who wrote (8327)5/5/1998 8:48:00 AM
From: Joey Two-Cents   of 18691
 
How do you feel about Airnet Systems, Inc (NYSE: ANS) trading at 26 1/2 announces this morning they anticipate 25% shortfall in 1st Q earnings compared with analysts estimates of $ .30 per share. Shortfall due to 70% increase in ground courier expenses. Also they're issuing 3.1M shares and 250K options to purchase Quick Intl Courier. And lastly, insiders have been dumping shares for months. Looks like a good one to me.
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