Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: CalculatedRisk who wrote (6365)	11/3/1997 6:58:00 PM
From: Pancho Villa	Read Replies (2) of 9285

CR RE: ACLY Keep on studying. One thing from the cash flow statement in the 10K cash flow from operating activities for 97 (936K)lower than in 96(1105) as they increased receivables by 479K so they did not get the cash! I.e. this guys are recognizing revenue before completing/delivering contracts? Trouble!!!! I think I will short a big chunk tommorrow. Don't care it may go up. Gravity will pull this puppy down! try free edgar have you? freeedgar.com Pancho

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