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Strategies & Market Trends : Roger's 1998 Short Picks
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To: clochard who wrote (1863)1/29/1998 11:08:00 AM
From: Cosmo Daisey  Read Replies (2) of 18691
 
Steve,
EGGS is burning cash and their announcment noted that they will require a large infusion of cash for the next two years and expect big losses for two years. After the closing of the remaining stores they probably won't have much cash left. Where will they get the cash they need? Secondary offering would weaken the price even further.
Coz
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