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Non-Tech : YSII - Youth Services International
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To: Towntarget who wrote (1)5/29/1998 8:09:00 AM
From: Steven M. Lulewicz  Read Replies (2) of 15
 
I agree that it will probably go down further, especially if the debt is converted to stock (4m shares @ $8.00 for instance). Actually, it would be a wise move (by the creditor(s)) to convert that debt into discounted stock. IMO, at some point, when the dust settles, this will rise again like a phoenix. Other than sheer panic, I cannot see a real reason for the over-selling yesterday. Of course there is always the slight possibility that Wall Street has decided they have had enough of high PE's and co's not meeting or exceeding expectations and they chose to start with YSII to begin the overall dreaded market correction (sarcasm). YSII's PE is in the 30ish range which, compared to their industry, is not that bad. I don't know, I'm at a loss for more words on this situation - that's why I started the group. Comments?
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