Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (11645)	10/14/1999 8:41:00 AM
From: TRIIBoy	Read Replies (2) of 18998

As expected rabid followers try to boost IDTC in pre-market trading. IDTC missed expectations! That's right they missed, but you would not realize this by the company's ridiculous press release. Company benefited from non-operating gains of $18 million, that would of had the company earn $.03 to $.04 per share. Gross margins went down, EBITDA was down. Simply look at the press release and you will realize the lengths the companyw will go to disguise how poorly their businesses really are doing. I've rarely seen such a misleading press release. Short into the pop today it will not last.

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