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Strategies & Market Trends : January Effect 2001
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To: Q. who wrote (269)9/23/2001 12:53:46 AM
From: RockyBalboa  Read Replies (1) of 289
 
N, one dire note about money losing companies. Some time last year we talked the viability of cash-rich dot.bombs.

Turned up the Stamps.com half year filing to see their current cash watermark. The company managed to burn $140 Million in one year with less than 1/8 of that in revenues - from 333 to 193 million.

The small company with few employees burned more than 500 Thousand dollars each working day. I'm wondering whether they use dollar notes to light their fags.

(that would be entirely possible: If all of their 150 employees are heavy smokers and light 40 cigarettes each with a $50 note,... that uses 300k dollars...daily).

sec.gov

Not very much of the .bombs will be around come tax loss selling.
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