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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (1014)6/11/1998 12:44:00 AM
From: Bill Wexler  Read Replies (3) of 4634
 
What's for dinner? Probably not Gardenburger (GBUR).

I am adding gardenburger (GBUR) to the DOOM INDEX (tm) at 12 with a price target in the low single digits.

Even though the company is not a scam, it remains grossly overvalued and is a consistent money loser. The company was relying on a heavily hyped commercial during the final "Seinfeld" episode to kick start business. problem is - the vast majority of Americans still prefer the good old-fashioned artery-clogging meat burgers. Furthermore, the business is swamped with competitors.

Don't invest in novelty foods. Don't invest in gardenburger.
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