Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Lazlo Pierce who wrote (3143)	2/18/1998 10:15:00 AM
From: CMason	Read Replies (1) of 18691

Dave, BFIT reported this morning. See biz.yahoo.com For the year, basic loss per share was $1.51 vs. $2.04 (before extraordinary items). Including extraordinaries, loss was $2.88 vs. $1.58. Q4 was a $.01 loss vs. $.35 profit in Q4 '96. After extraordinaries, loss was $1.05 vs. a gain of $.81 last year. The company's press release spins this like mad, but it doesn't look that great on the surface. They omit a balance sheet and cash flow statement from the release, so it's a bit tough to evaluate until they release the 10-K. Also, my guess is that comparable-store sales are flat to down, but they conveniently omit the store-count data, too. I've been studying this for several months now, and still think it might be worth shorting. Will read the 10-K and make my decision. Your thoughts? Regards, CMason

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