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Strategies & Market Trends : Roger's 1997 Short Picks

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To: ItsAllCyclical who wrote (5546)9/25/1997 4:26:00 PM
From: Bill Wexler   of 9285
 
**** Here's an interesting one: TRBO TurboChef ****

Could someone explain why this company with 35 employees, negligible sales, massive losses, and no significant assets is capped at around 300 million?

They basically have an idea for what amounts to a combination microwave/hot-air-cycling oven. Problem is...no one wants it. Furthermore, since when are kitchen appliances a high-growth, high-margin business?

Oh yeah...they did form a "strategic alliance" with Kenny Rogers Roasters restaurants. I guess this should be good for another billion in market cap.

Stock has shot up in the last few days on bogus "news". Now trading near its all-time high.

I checked this stock out a few months ago and have been watching it. There is a Turbochef thread on SI - not very active. Check out all the postings by a guy who's handle is "mafuada"....it is embarrassingly obvious that he's a paid promoter.

techstocks.com
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