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Non-Tech : Indigo Air (ADR) - NASDAQ: IAABY---Undiscovered bargain
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To: Jim Mac who wrote (8)7/30/1998 11:44:00 PM
From: Albert Mou   of 11
 
Jim,

Thanks for telling me WLFC. I usually choose to short another stock in the same industry when I cannot make up the mind to dump my holding (IAABY). IAABY came out decent 23 cents earning with IPO 3 millions share fully diluted. IAABY looks like on its route to expand.

On the contrast, WLFC made 29 cents or 3.5 million before tax, 3.5 million income contains 2.4 million gain on sales. debt ratio increased to 3.3 from 1.9. G&A expense almost increased dramatically. Well, if IAABY wouldn't be the winner, WLFC is doomed to fall lower.
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