SI
SI
discoversearch

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.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MCsweet who wrote (16158)1/13/2003 1:14:33 PM
From: Don Earl  Read Replies (1) of 78594
 
MCsweet,

ENWV is probably a good example of the kind of cash plays I go out of my way to avoid. In the past year they've burned through $25 million, revenue is down 40% and they weren't profitable when it was 40% higher. $31 million on the books isn't going to last very long at a $25 million annual burn rate. I have a hard time translating that as being anything other than 5 quarters to Chapter 11. The average volume is around 20K shares which isn't liquid enough to trade, at least if a person wants to be able to move a meaningful amount of stock in and out. A 40% one day pop is a nice move, but there isn't any smart way to play it for anyone who isn't emailing newsletters to suckers.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News