Vitech America tackles Brazil Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Vitech America tackles Brazil

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim Krawiecki who wrote (46)	6/20/1997 11:16:00 PM
From: Michael Burry	of 153

Jim, Thanks for the opinion. You may have called it, as today's grotesque action may attest. Time will tell. Opening so high and closing so low while filling the gap no less. Bad bad. Only good thing is that volume was relatively low compared to yesterday. Looks like the company is not getting very favorable terms on its credit -- in the arena of 30-40% annualized. They mention a possible 50M line of credit being set up, but with no guarantees. Could be Dad is offering them favorable terms in that the 20% is better than 2.5-3%/month and that he is less strict about when and how they pay him off. Would he take another block of A/R at a discount? Who knows. The Pres loaned the company 600,000 at 1%/month. This is curious. A vote of confidence by the pres? It's obvious that something has been driving the shares -- I had the thought the recent news plus the BW exposure. But momentum has a lot to do with it. I don't think 12 is the key area -- more like around 16. As I mentioned in several earlier posts, the family ties and their effects on this business are curious and a bit murky, and may represent the greatest risk here. Good investing, Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next