Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Bill Wexler who wrote (7526)	11/25/1997 5:46:00 PM
From: vegetarian	Read Replies (1) of 9285

The fundamentals on BFIT look bad, I see that they has 20M shares outstanding in 6-97 and now they have only 16M, did they buy back 4M shares with such a lousy record of no earnings? Also, in spite of the toasted fundies, what would propel the stock down? they were expected to lose for last Q, this Q, and the year (-1.56) and next year they are expected to make 27c on the positive side. The negative earning does not seem to be bothering the buyers (like AMZN) so the only thing that I see pushing the stock down is if they don't make their earnings next year which means at least an year's wait (could be lesser, I don't know Quarterwise expectation for the next year). I guess they will take care of the negative cash flow problem by issuing more shares when needed, bad fundamentals do not seem to a hinderance for them.

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