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Strategies & Market Trends : YEEHAW CANDIDATES

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To: JoeinIowa who wrote (1039)1/15/2003 10:59:28 PM
From: Ken W  Read Replies (1) of 23958
 
Joe

Took a fast look at RCG/LFSI's reports etc.

LFSI seems to be the major problem for RCG's books since they had to book a loss on the last Q due to LFSI's losses. While RCG did increase rev.'s and lost less money they are still are showing losses. The 1 for 7 reverse stock split did not help perception of the company either!

I think they have the right idea with Flightserv though. Public air travel is becoming more and more bothersome, expensive and risky. Private charter is becoming more popular here in CA too.

The other thing that bothered me about the company is that it reads like a bb stock. They are too fragmented into too many different businesses with too few people to run it all.

Personally, I'd pass on it.

Ken
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