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

To: Walk Softly who wrote (11875)	11/3/1999 2:09:00 PM
From: Walk Softly	Respond to of 18998

BFT remember, the only guys short (at these levels) are the funds hedging huge long positions.... (and a bunch of little dummy guys that haven't figured it out yet)....

To: Walk Softly who wrote (11875)	11/3/1999 4:15:00 PM
From: Walk Softly	Respond to of 18998

You don't believe me? seems these guys do... they took half their piece out of my scrawls: BFT has experienced an operating turnaround over the past two years. Revenues and EBITDA have increased as a result of the company's expanded ancillary departments (personal training, nutritional supplements and retail stores), acquisitions and a focus on more lucrative memberships. BFT has focused on signing up membership contracts that include a higher down payment and payment via electronic funds transfers. The combination of these efforts has resulted in higher EBITDA and revenues for 1999. For the nine months of 1999, BFT generated EBITDA of $103 million, a 40 percent increase. Fixed-charge coverage for the first nine months of 1999 was 1.4 times as compared to 1.1 times for the first nine months of 1998. Total adjusted debt/EBITDAR has improved to 5.0 times from 5.8 times during 1998. Going forward, DCR will be monitoring the company's success in expanding operating margins, increasing cash flow from operations as well as the use of leverage. Check it all out at biz.yahoo.com Massive buyside pressure on the close.... what a flurry of orders.....