Financial Shenanigans: Stocks Looking for a Fall Message Board

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Microcap & Penny Stocks : Financial Shenanigans: Stocks Looking for a Fall

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To: Q. who wrote (63)	6/1/1998 9:25:00 PM
From: HeyRainier	Read Replies (2) of 108

[ Three-Five Systems ] Yikes, here's another one. I just found out that one of the stocks I was interested in had actually been a ticking time bomb. It recently exploded, and thanks to my TA assessment of the issue's unattractive risk characteristics, I was able to sidestep the recent price action. From the most recent 10-K, filed 3/13/98: (Year ended: 12/31/96 12/31/97 % Change -------- -------- -------- Net Sales $60,713 $84,642 39.41% Acct Rec. $6,830 $12,540 83.60% Inventories $4,606 $ 8,255 79.22% This is the same situation as Sunbeam, where Accounts Receivables and Inventories grew at rates far faster than the rate of sales growth. The closing price for TFS stock on 3/13/98 was $20.875. Current close as of today is $14.875 after the company released a statement last week saying they would not meet revenue growth expectations. Regards, Rainier

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