Shorting stocks: Broken stocks - Analysis Message Board

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

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To: chester lee who wrote (1666)	8/21/1998 12:09:00 AM
From: Yamakita	Read Replies (2) of 2506

Does anyone see TERA as a broken stock? With a price to sales of 60, I guess it's more a high-flyer, but with its book value of .34 per share (price is currently around $9) and its cash burn of about $6 mil per quarter, it looks broken to me. The future of supercomputing is dubious at best; I don't see how this stock can avoid going to its real book value over time. It's also being cold-call hyped by the infamous HJ Meyers, a sure sign in any short's favor. Moreover, it has a floorless convertible in place, though I am unsure of what stage in the flipping process we are currently in. I've taken a small position, and am curious how it looks to the august members of this thread.

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