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Strategies & Market Trends : Action & Options- Taxikid plays
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To: tcarnes who wrote (3449)1/21/1998 7:58:00 AM
From: Allan F  Read Replies (2) of 4339
 
tcarnes and druss,

WDRY - I keep thinking of Staley's book on this one. The two things I she wrote that I remember most distinctly are shorts always enter the game too early, and they always underestimate a company's ability to get more financing.

I think WDRY may be one of her classic bad companies that lasts as long as the bankers keep giving it money. Once the financing dries up, look-out below. I suppose the thing to watch on this one is cash flows. I don't know what the revenue per washing machine might be, but I once heard from a guy in the rental business profit was $3/unit-Month (that number is a few years old). He strongly advocated the out-sourcing the hassle to WDRY types.

FWIW,
-Allan
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