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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Harold who wrote (1416)	5/1/2000 11:45:00 PM
From: John Pitera	Read Replies (1) of 33421

Harold, I am dubious of FTSP they were a fad stock in the mid 1990's, apparently with the rollerblading craze. the insiders are selling at these depressed levels biz.yahoo.com They have lost money in 4 of the last 6 Q's including Q 3 and Q 4 of 1999. Do they have a concrete plan to turn the company around and make some money? This market has evolved into one that wants to see earnings in the forseeable future. I am not familiar with Abovetrade. John ---------------------- BRIEF FTSP manufactures and distributes in-line roller skates, ice skates, street hockey equipment and related accessory products to retail and sporting goods stores. For the nine months ended 11/30/99, net sales fell 3% to $30.9M. Net loss fell 86% to $797K. Revenues reflect lower sales of in-line skates and in-line accessories and parts. Lower loss reflects higher margins and lower interest costs due to decreased usage of the Company's credit facility.

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