Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: upanddown who wrote (4405)	10/24/1998 2:45:00 AM
From: Tom Murphy	Read Replies (1) of 18998

John, If UTEK is not a good short..I don't know what is. Gross margins almost evaporated away to nothing. They must have been giving away product just to do the $12m. After laying off 20% of the work force in August, they still have everybody else taking a few days off each month with no pay. They are just trying to preserve capital to survive. I see a couple of more very ugly earnings reports from these guys before (if) they turn it around. Then again, once a Company falls this far, they may never regain their position in the sector.

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