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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Sergio H who wrote (2721)8/5/2003 3:38:21 PM
From: Ken W  Read Replies (4) of 23958
 
Sergio

Okay here is going to be a new one for the folio..

Place BLTI as a short sale at 11.00.

Reasons:

1. suspect they have been recognizing sales and eps based on leases rather than actual sales. They have been selling the machines to a third party leasor, at a discount, then posting the sales at full price. RE: LA Time article.

2. The secondary offering is way over alloted to the underwriter...Not really the companies fault, but the underwriter is going to make a killing on the option. Dilutive to say the least.

3. The stock was and still is based on speculation of future growth, not actual value.

Down to 7.50 I say!!! LOL

Ken
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