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Non-Tech : All American Food Group(AAFG)
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To: WEBNATURAL who wrote (401)10/5/1998 9:52:00 AM
From: Joseph F. Hubel   of 618
 
I know you are the "Spirit of Positiveness" but the sky looks pretty gray to me for AAFG. Here is why: No cash and no stock value with which to raise cash. Cash is needed for expansion. Almost all the specialty rest. started with a bang and all have fallen back and some even filed bankruptcy. The fact that a stock is about as low as it can go does not mean it is a bargain. The market put there for a reason. The head cheese does not have a winning tract record in business. On the flip side I see no good news if they do make a big expansion as that increases expenses and increases dilution of earnings.

Following a dog does not mean you will find a rabbit. There are just too many better stocks out there. Hell we can't even short this to make it on the down side or even do options on it. Besides the fact it is dirt cheap, I can't find one positive here; wish I could.

JFH

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