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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (9938)	10/28/1998 9:02:00 PM
From: Sergio H	Read Replies (1) of 29382

Ken, GYMB is interesting. The stock took a major hit earlier this month due to earnings below expectations and has been bouncing back, now trading at just under book value. They have no debt, but will need to borrow some $$$$$$ soon to fund their planned opening of over 100 new stores next year. The expected growth rate for next year is over 57% !!!!! GYMB was downgraded by 3 analysts earlier this year and they'll be revising their estimates higher earlier next year. I think that it's too early to buy this stock. The insiders aren't putting their money into the Co.'s "new retail concept" and we haven't seen how the growth will be financed. It looks like the beating that the stock took earlier this month was overkill and there's certainly some short covering occuring. Take a look at TRID if you haven't already. I refer you to Radar's excellent DD: techstocks.com Sergio ps Where's Max ? He's been real tough on himself when he takes a hit or misses an opportunity. He made a great call and is up handsomely over the last two sessions. Someone tell Max what the custom is around here please. YYYYYYYYYYYYYYYEEEEEEEEEEEHHHHHHHHHHHHHHAAA AAAAAWWWWWWWWWWWWWWW!!!!!!!!!!!!!!!!!!!!!

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