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Gold/Mining/Energy : Direct Focus Inc. (DFXI)

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To: Mark Hill who wrote (525)10/25/1999 8:41:00 PM
From: Clement  Read Replies (1) of 768
 
Hey Mark,

I've got to say that the earnings did quite nicely surprise. I am still in but only cautiously so.

Did not buy back in on dip -- but they certainly seem to have bucked the trend on announcing record earnings and the stock falling but I think the expectations were significantly lower this time around given their weak performance last quarter =).

Any ideas as to what they plan to spend their 30M of cash on? =) nice problem to have I guess... I wonder if there's any significance to Rowland Hanson's appointment to the board as to new lines of business, or simply strengthening their online presence -- their websites do look nice. It should be interesting to watch and see if they build their strengths and continue their focus as opposed to widening their scope out of control (I guess this is my normally skeptical nature coming out <g>).

But it was a great quarter!

Clement
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