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Strategies & Market Trends : Three Amigos Stock Thread
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To: Sergio H who wrote (16627)9/19/1999 9:33:00 PM
From: Ken W  Read Replies (1) of 29382
 
Sergio,

SLVN: "not a quick look under the hood"

<ggggggg> Why did I know that you would find by far more than I ever hoped too. The government dependence is something that bothered me too. That, and the insider selling. This stock kind of reminds me of BOST in its heyday. Growth is way too fast and the accounting involving the "trust" set up is of a concern to me too.

Another thing that bothered me in the 10K was the statement about earnings being quite variable from quarter to quarter due to the nature of the business model and that they are very suseptible to interest rate flucuations because the majority of their credit facility is at a variable rate.

Given the current trend and those factors that we have both discovered I'm going to consider a short position on SLVN.

Ken
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