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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: Trader X who wrote (1459)1/8/1998 10:27:00 PM
From: Sergio H  Read Replies (3) of 2377
 
Hi Kevin. Did you notice that IBAH was also on that list?

AURA is at a crossroads in my opinion and a difficult call. Are you aware of the S-3 filing on 12-29? All kinds of shares going to be hitting the market from every direction. Shareholders are selling 6.8 million shares, combined with conversion of debentures. Some selling pressure mixed with some dilution.

Then we look at the balance sheet and find more cause for concern. Lots of debt combined with poor cash flow. There are some positives in this stock, but I think that the negatives outweigh the positives.

Sergio
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