BFT: Will the tulip craze ever break down? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : BFT: Will the tulip craze ever break down?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Pancho Villa who wrote (206)	3/30/1998 4:59:00 PM
From: Pancho Villa	Read Replies (1) of 650

Fasten your seat belts! In the Q4 results press release in mid-february there was no mention of membership activity in January, my guess if that business wasn't that hot and that investment/expenses in new exciting business opportunities should continue well ahead of revenues. This should call for a poor quarter devoid of any significant growth in revenues/improved profitability that would justify current valuation. However, if you are short and plan to remain short (as I plan, I would recommend you fasten your seat belts. Based on the creative accounting we have seen to date (e.g., Q4/1997 results), the auditing background of several members in the BFIT management team, the history of lax accounting for revenues/extraordinary charges, I would not be surprised to see them meeting expectations. One thing I can tell you: the stuff that matters (cash flows) should continue to be highly negative.... Pancho PS: Creative accounting has it limits, in the long run business potential does show up. Remember RAYS, still holding the dubious honor of being the largest Sunglass chain in the USA...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next