To: Jenna who wrote (83319 ) 2/17/2000 12:41:00 AM From: Jenna Read Replies (1) | Respond to of 120523
For Tomorrow and through next week: PUMA, shorters delight: BYND. If BYND does move up tomorrow, I would short any further upward move. PUMA . CE Unterberg Towbin Upgraded PUMA to 200 and Piper Jeffray upgrades PUMA with a price target of 175. earnings out 24th. BYND is opposite. Shorters got to this one yesterday and its really in pretty bad shape so it could continue its 'dead cat bounce' routine. Its expenses way outway its "annual sales growth of 400%" which is wishful thinking. Take a second look at this "company" Net LOSS of $22.4 million. .. compared with a net loss of $13.9 million last year... that's a lot of loss there. Net loss for the year was $88 million compared with a net loss of $26 million for last year Revenues for the fourth quarter of 1999 were $35.3 million, a 169 percent increase over revenues of $13.1 million reported in the fourth quarter a year ago. The net loss for the fourth quarter of 1999, excluding amortization of goodwill and deferred compensation, was $22.4 million. This compares with a net loss, excluding amortization of goodwill and deferred compensation, of $13.9 million in the fourth quarter a year ago. The net loss per share for the fourth quarter of 1999, excluding amortization of goodwill and deferred compensation, was ($0.62) per share. This compares with a pro forma net loss of ($0.51) per share in the fourth quarter of 1998. Pro forma net loss for 1998 excludes goodwill and deferred compensation. Net revenues for fiscal 1999 were $117.3 million, a 220 percent increase over net revenues of $36.7 million reported for fiscal 1998. Net loss, excluding amortization of goodwill and deferred compensation, for fiscal 1999 was $88.0 million, or a pro forma loss of ($2.59) per share. This compares with a net loss in fiscal 1998 of $29.6 million, or a pro forma net loss of ($1.22) per share.