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Strategies & Market Trends : Action & Options- Taxikid plays

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To: Allan F who wrote (3450)	1/21/1998 9:53:00 AM
From: taxikid	Read Replies (1) of 4339

while the company maybe overbought here.wdry... remember.. these machines are in rental apartments/condo's etc. They are in long island and i will be honest with you..people here don't break the machines{like in the bronx, manhattan,etc,public facilities} because then we would have to take our laundry TO a PUBLIC facility.. and the machines are usually in the basement between the super/porter's apartments. Our laundry "closes" at 9 or 11.. because people above must wanna sleep.. no damage = less repair = more profit.. i don't think this company will be going bankrupt too soon. they are buying monopolies..and equipment.. they are not paying electric or soap....or rent per se..on these machines.. they give a small kickback to the apartment owners, etc

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