Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: J D B who wrote (11144)	8/13/2002 10:25:55 AM
From: Dave Gore	Read Replies (1) of 16631

JDP, PKS is NOT an ODOD candidate in my book. They were scheduled to lose money this year and actually are doing worse than expected. With a negative PE, the fundamentals will not underpin the stock price. "Six Flags (PKS: news, chart, profile) plunged more than 56 percent after the amusement park operator reported second quarter earnings per share, excluding one-time items, that fell short of consensus analyst expectations and revenue that declined from year-earlier levels. The company added that there has been a "sharp" drop-off in attendance in revenue in July, due to economic uncertainties and concerns over terrorism, leading to full-year EBITDA (earnings before interest, taxes, depreciation and amortization) that is in line with prior year levels. Analysts from Prudential Financial, Goldman Sachs and Salomon Smith Barney have followed by downgrading the stock."

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