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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 (11755)10/27/1999 11:53:00 AM
From: TRIIBoy  Read Replies (2) of 18998
 
TRIIBoy reiterates his Run For the Hills the Cattle Are Dying on BFT. Companies latest quarterly report shows a balance sheet on the verge of bursting.

A toxic mix of a year's worth of receivables, Debt to equity of nearly 3 times equity and nearly 7 to 8 times tangible book, will soon cause the company to implode.

I expect that with interest rates staying high or going higher the company will soon trade in the single digits and will eventually go into bankruptcy.
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