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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: Q. who wrote (1356)	7/6/1998 8:15:00 PM
From: Harpo	Read Replies (1) of 2506

Hello, I was wondering if anyone was following TAVI. They make hot dogs. I suppose it doesn't really qualify as a broken stock, but..... They have been losing money so they announced that the're gonna trim off the pork slaughtering operation and take a 40m+ charge. (The pork operation accounts for over a third of their gross revenues) They also announced they are going to raise $10m through a convertable offering, (which doesn't seem like a whole lot to me considering they had $955m in fy '97 revenues) and restructure their debt. Maybe they can get out the red. What do you think? I have only been watching this stock from the sidelines but I would welcome any comments / analysis you might have. (I really don't know much about the meat business, or anything else for that matter, i don't even like hot dogs that much) Thanks. BB

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