There goes that Head & Shoulders pattern. A rather rough day for such a strong day in the market.
On another note, here are some questions I posed to the Investor Relations at EQNX. Here is my email:
_________________________________________________
Subj: Investor Questions
Date: 3/31/99
To: invest@equinox.com
Some questions:
1. What is Equinox doing to improve its Return on Invested Capital? The company is burning a whole in its pocket with its cash reserves, it seems, and the company, though with no long term debt, appears to have a less-than-optimal capital structure.
2. Therefore, are there any plans to reduce the company's WACC by perhaps exchanging some equity for light debt?
3. What is Equinox doing to reduce its cash conversion cycle?
4. What plans, if any, does Equinox have in leveraging the cost structure of the Internet to increase sales?
5. Can you please explain what characteristics you consider to be Equinox's main competitive advantages in the marketplace? How defensible are these characteristics?
Thank you. Your response, or lack thereof, will be noted by the investment community.
Rainier
(March 31, 1999)
______________________________________
...and a prompt response followed (Thank you Mr. Hamilton):
Subj: Re: Investor Questions
Date: 3/31/99 10:05:44 AM Eastern Standard Time
From: BHamilton@equinox.COM (Bob Hamilton)
To: ETr8der@aol.com
Dear Mr. Trinidad:
Thank you for your continuing interest in Equinox Systems Inc.
In order to answer these and any other questions you may have about EQNX please call our CFO, Mark Kacer, at 954-746-9000 ext. 243.
___________________________________________________
I have had my hands tied recently with my upcoming job transition (into the portfolio management division!!, but not yet a PM), and am trying to find the time to ask Mr. Kacer.
If any others would like to take the lead and find out, I would love to hear what others have to say.
Regards,
Rainier |
