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Technology Stocks : Source Media SRCM

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To: Pluvia who wrote (2870)11/12/1999 7:30:00 AM
From: valueminded  Read Replies (2) of 3015
 
Pluvia/others:

This seems to be one of the most overvalued stocks I have seen. No growth, business model that leaves something to be desired, recent downgradings by s&p (ie more debt financing will be more difficult to come by) and looming debt payments with no apparent means to generate the cash to pay it off. Yet it keeps levitating. I am at a loss to explain. Perhaps you might enlighted me.

Could it have something to do with the short interest postion. I tried to establish a short and was told shares were unavailable for borrow.

thanks
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