Vitech America tackles Brazil Message Board

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Technology Stocks : Vitech America tackles Brazil

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To: dave luken who wrote (67)	6/23/1997 9:04:00 PM
From: Michael Burry	of 153

Shades of Centennial Technologies? The Motley Fool didn't quite do its research here either. Asher doesn't seem like the kind of role model we all would like in a CFO, but then again, he's not the CFO anymore either. I don't see the parallel to Centennial, and I don't see that Vitech is burning cash any worse than any other young tech/biotech company trying to ramp up its production. These days, almost every tech IPO blows most of its wad in the first year as it makes its move for the big time. Not exactly scandal material. Seems like we have a big misunderstanding of the credit markets in Brazil by our favorite writer. He even states that 3%/month is like 36%/year. Geez, where did this guy do his finance work? We all know -- the English Department. Time will tell. The shorts' mud throwing strategy worked, as we can tell from all the covering that occurred after it opened at 12. Mike

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