Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: bennythehana who wrote (1427)	6/2/2001 4:19:40 PM
From: Michail Shadkin	Read Replies (1) of 6873

Bennythehana - Re: BSML - thanks for the idea BriteSmile, Inc. is a developer, producer and distributor of teeth whitening products and services through retail salon settings and dental offices. For the comparable 13 weeks ended 3/31/01, revenues rose from $3.3 million to $9.7 million. Net loss fell 31% to $4.9 million latest earnings: biz.yahoo.com "Overall, we continue to anticipate that the number of BriteSmile procedures will exceed 170,000 in calendar year 2001 with our top line sales forecast in the range of $47 to $53 million, including an expected $5 million in product sales. We will benefit from further reductions in our expenses and increased operating efficiencies of existing Associated Centers. We remain focused on reaching positive operating cash flow and net income by the fourth quarter of calendar year 2001." BriteSmile Announces $28.2 Million in Financing biz.yahoo.com "Principal investors include such prestigious names as: Capital Research and Management Company, Federal Partners, RS Investment Management, Putnam Investments and Piper Jaffray Ventures" So, after financing, they have about a $1/share in cash. cap is 257 million short interest 37.4% (in the long run shorts are usually right) DEBT/EQUITY IS A GIANT 1.92 They have never had 1 profitable quarter. lost -1.24 in 1998 lost -1.17 in 1999 lost -1.80 in 2000 lost -.17 first quarter 2001 HERE IS A TRUE SIGN OF A POS: 1 FOR 10 REVERSE SPLIT IN SEP OF 1990 They have been around for ever. Coclusions: They wont reach zero anytime soon, but a retrace back to the 6.50 is very reasonable. They ran up on the financing deal, now reality sets in, they actually have to perform. traderpulse.com Michail

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