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Strategies & Market Trends : Three Amigos Stock Thread

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To: Pilot who wrote (5167)	5/25/1998 11:36:00 AM
From: Sergio H	Read Replies (2) of 29382

<Pilot offers one for the "Amigo Stew Pot": CHDX> Thank you Pilot. CHDX is trading below book value, sales and even below cash levels. The chart looks good for a turnaround stock. Patience would be rewarded if you want to take a position. From the 10q: <The Company believes that the total gross profit on sales has been negatively impacted during the quarter by a variety of factors. These include delays in opening letters of credit on signed contracts which the Company believes are principally attributable to bureaucratic delays resulting from the recent restructuring of the Chinese government, significantly increased competition due to an increased focus on China by the Company's competitors and lack of financing available to the Company's customers including restrictions imposed by the Chinese government on the availability of credit from the Chinese banking system.> The portion of the above statement that is of particular concern from my perspective, is the lack of of financing available to the Co's customers. Sergio

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