Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

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3:59 PM EST

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To: Bill Wexler who wrote (2202)	7/15/1999 9:29:00 PM
From: Bill Wexler	Read Replies (1) of 10293

Compressed-salad manufacturer Gardenburger (GBUR) update. One of my favorite "slow-decay" shorts has hit its 52 week low going into its next "earnings" report. Bottom line: The report will be a disaster and the conference call will be an embarrassment as my assertion that Americans don't have much of a taste for compressed salad continues to be validated. I think that longer term, the stock will keel over completely to < 1 a share. The only question I have right now is if they're going to do the usual [convertible debenture, stock hype-pump, kaboom] thing over the next year. I'm hanging on to this one and if there's a pump I'll simply increase my short position dramatically. For those of you with tighter margin budgets, you may want to take some money off the table and revisit the stock if this scenario I described comes to pass.

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