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Strategies & Market Trends : Crash and Burn 2001

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To: ToTradeWell who wrote (80)7/20/2001 7:46:26 AM
From: Dale Baker   of 207
 
SPRI - something very fishy here with such a high price for mediocre operations.

This one would take a lot of work to figure out. Some questions would be:

--How will they finance the sports complex?

--While they don't rely on sports teams (opting for events like auto racing, tractor pulls, etc.) do they have any history of sports event promotion?

--Why split the stock with a 12 million float now and almost no institutional ownership?

The momentum so far says it's a dangerous short to jump on too early. But keep us posted - this type of "story stock" usually trips and crashes eventually. The pieces leftover often make delicious shorts down to drill bits.
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