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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: TRIIBoy who wrote (11119)	8/4/1999 12:11:00 AM
From: Starfish*	Read Replies (1) \| Respond to of 18998

Big F#$%ing T!rd came in at .34, consensus of .33, beat by a penny. I gave up on shorting this several months ago in the low twenties. I would like to try again, but am asking you what the catalyst will be now? This part brings up a red flag to me, although I'm not sure what is out of line here, Iknow you have some more insight from the report now. BALLY TOTAL FITNESS HOLDING CORPORATION CONSOLIDATED STATEMENT OF CASH FLOWS (In thousands) Six months ended June 30 1999 1998 Operating: Income before cumulative effect of a change in accounting principle $15,786 $4,076 Adjustments to reconcile - Depreciation and amortization, including amortization included in interest expense 26,603 25,602 Provision for doubtful receivables 71,691 61,698 Change in operating assets and liabilities (97,550) (112,544) Cash provided by (used in) operating activities 16,530 (21,168) Investing: Purchases and construction of property and equipment (54,199) (28,182) Acquisitions of businesses and other (7,027) (2,073) Cash used in investing activities (61,226) (30,255) Financing: Debt transactions - Redemption of 13% Senior Subordinated Notes due 2003 -- (24,021) Repayments of other long-term debt (3,605) (3,038) Debt issuance and refinancing costs (4,225) (307) Cash used in debt transactions (7,830) (27,366) Equity transactions - Proceeds from issuance of common stock through public offering -- 82,744 Proceeds from issuance of common stock under stock purchase and options plans 1,164 347 Cash provided by (used in) financing activities (6,666) 55,725 Increase (decrease) in cash and equivalents(51,362) 4,302 Cash and equivalents, beginning of period 64,382 61,679 Cash and equivalents, end of period $13,020 $65,981 sorry it didn't format but I'll bet you have seen it.