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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Retired41 who wrote (6525)2/2/1999 2:24:00 PM
From: TRIIBoy  Read Replies (1) of 18998
 
Obviously, Brazil is a big factor to the investment in this company.

However, the company is mismanaged. It has over 200 DSOs and 200 days of inventory. It burns cash like there is no tomorrow and thrives on selling computers to people who cannot afford them.

Nothing will change the fact that Brazil has devaued their currency by 40%, or that Brazil is now mired in recession with interest rates as high as 40%.

Every other business is sufferring. The only way this one stays out of bankruptcy is an infusion of a massive amount of cash that no miracle revival in Brazil would help.
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