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Strategies & Market Trends : Action & Options- Taxikid plays

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To: Pancho Villa who wrote (2788)	11/20/1997 9:17:00 PM
From: Druss	Read Replies (1) of 4339

Pancho--BFIT is indeed a stinker. My concern is it may take a long while to break down. The new line of credit they just obtained gives them some flexibility and may enable them to hang on giving them a chance to show growth and an illusion of looming profitablity. I think it will be an illusion. The first thing I would look for from them is a surge of expansion using the new cash and then downsizing as they attempt to get rid of money losing gyms. It is a dog for sure, just how long will it be before the market can read the hand writing on the wall? All the Best Druss

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