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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (1101)1/12/2000 8:57:00 AM
From: Dale Baker  Respond to of 1438
 
I opened a BDE short at 5 1/2 yesterday. I have never seen a company with less than $1 million in annual revenue but $2.4 million in accounts receivable.

Put simply, they are making a few bucks producing animated films but they are miles away from even positive cash flow, much less profits.

Should be good back to low 4's soon.



To: Zeev Hed who wrote (1101)1/12/2000 12:00:00 PM
From: Graeme Smith  Read Replies (1) | Respond to of 1438
 
Check out SNRS, it appears they have just done a convertable with a base of $3 (the stock is currently over 12).