Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (12174)	2/17/1999 9:38:00 PM
From: RobbRacer	Read Replies (1) of 122087

Hello Everyone, I wanted to comment on the few people wondering about VIFL. I am pounding the table that THIS IS A GOOD AND SAFE SHORT. I shorted this one before from 8 to 2and 1/4 and ironically just closed out my position in January after having the short for over 1 year (defering Taxes). From memory the book value is about 16 cents, sales of 150,000 annually, 6 employees, and has been losing big money for all five years it has been a public company. Even if irradiation was mandated (which would never be the case) this company would fail. Why? i'll give you just a few of many reasons. First, irradiation changes the color and texture and taste of meat. Further the changes are not even consistant. If they nuke stuff on meat they will have to label it on the packages. People are not going to like the idea of reading in big letters WARNING:IRRADIATED on their 10 ounce T-bone that looks a little different then the one right next to it thats not irradiated (they have to eat this stuff). But the biggest reason is the size of the plant. I'm doing this from memory but they don't have enought Cobolt 60? to irradiate meat on a large scale. they could not afford to pay the company who sold them the last cobolt 60? and the company ended up taking a convertable security which last year doubled the float. But lets says Hudson foods wanted to irradiate meat (Call me crazy). Do you think they could afford to ship all their meat to Plant City Florida irradiate it (which would take 10 years because of small capacity)and then ship it back or to the final customer. NO WAY!!! They would build there own plant or deal with the 4 or 5 larger well funded firms that could handle the business. This is not the only irradiation plant in the country. I don't even think its the only public one. There are more reasons but you get the idea. I increased my short another 25% today and 25%yesterday. If it goes higher i will short more. This is the most confidant short i have ever done and thanks to some daytrader idiots i get to do it all over again. Short this stock and wait 1 month. Than thank me and anthony. Rob ------ Previous

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