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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Mr. Pink who wrote (2982)9/16/1998 10:44:00 AM
From: TRIIBoy  Read Replies (1) of 18998
 
Oh great and glorious pinkness:

Have you ever looked into Profit Recovery Group (NASDAQ: PRGX), a accounts payable audit firm?

1)company has DSOs of over 180.
2)had a huge offering in March, in which insiders fell over themselves to sell.
3)Aggressive accounting in which company books revenue when it finds money that should be paid to client, not when client receives money back.
4)buying companies like it is no tomorrow. And as we all know, roll-ups do not work.
5)near 52 week highs

Whatcha think?
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