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Non-Tech : USA Detergents (USAD). A Table Pounding Buy...

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To: Greg Ballinger who wrote (34)4/23/1997 11:56:00 AM
From: Rob Bonner   of 143
 
To all:

Does anyone know why the stock has tanked during the last two days? I tried to reach the company and they were closed both yesterday and today to celebrate passover. I have not been able to find any news online to explain the fall. I had spoken to IR not too long ago and it seemed like they were well on their way to straightening out the distribution problems that were supposed to have been the cause of the recent earnings drop. Everything seemed to be great with their business plan and the stock seemed to be a screaming buy. Could it have been another case of the "to good to be true" IR hype painting a rosier than real picture for the small investor? (You can tell I am a little bit synical about the quality of information I get from most company's investor relations departments) Any insight would be appreciated.

Good luck,

Rob
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