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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (5134)4/24/2000 10:38:00 PM
From: Das Boot  Read Replies (1) | Respond to of 19428
 
Why is DRD so maddingly hard to get into?

Is it the relatively low trading volume, or does the specialist have a terrible distaste for shorts?

Sat with a sell limit order below bid for a good chunk of time without an execution.

Got fed up and cancelled.

Thanks,
Das

PS Don't have much experience shorting NYSE equities!



To: Sir Auric Goldfinger who wrote (5134)4/24/2000 10:53:00 PM
From: oldirtybastard  Read Replies (1) | Respond to of 19428
 
DRD ok thanks, I'll take a closer look for the lease info. I hate shopping at the damn place too, always a long wait, always morons working there from the pharmacists on down, just that there's 3 DRD's closer to me than the nearest CVS or rite aid. Would love to see them all disappear and take all the Starbucks with them.



To: Sir Auric Goldfinger who wrote (5134)4/25/2000 12:07:00 PM
From: jbe  Read Replies (1) | Respond to of 19428
 
What do you folks think of these tentatively nominated short candidates?

I say "tentatively" because I don't really know much of anything about the following companies. All that I can say about them is that they popped up on a screen I ran, looking for cashburning, high-debt companies (with a price no lower than $10) that 1) don't even have revenues, let alone profits, and 2)are not expected to become profitable soon.

No company was a total wipe-out on every criterion I specified-- such a company would probably be out of business by now, anyway -- but these are among those that came the closest to meeting the criteria across the board(negative cashflow, negative interest coverage, high debt/equity ratio, lowest possible 1-year sales growth, lowest projected eps this fiscal year, lowest possible eps next fiscal year,lowest possible annualized 5-year projected growth rate):

SIRI (Sirius Satellite Radio, Inc.)
A true 'concept' stock: no revenues AT ALL.
Debt/equity: 121.4 (100 is 1:1.)
Interest coverage: -3.7
Price/cashflow ratio: -20.5
Eps this fiscal year: -61.1
Eps next fiscal year: -42.2
5-yr projection: N/A

MYTN (MyTurn.com, Inc.)
Debt/equity: 51.9
Interest coverage: -21.1
Price/cashflow ratio: -14.1
1-year sales growth: -42.9
EPS projections: none; not covered by any analysts. But figure given for three-year growth rate is NM (Not MEaningful).

HGSI (Human Genome Sciences, Inc. This is one I think everyone has heard of.)

Debt/equity: 193.3
Interest coverage: -11.7
Price/cashflow ratio: -83
1-year sales growth: -17.2
This year projected eps: -13.6
Next fiscal year eps: 10
5-yr. projection: Nobody's saying.

CLTX (Collateral Therapeutics)
Debt/equity: 3.5 (Not bad, but look at...)
Interest coverage: -78.8
Price/cashflow ratio: -42.6
1-year sales growth: -33.8
This fiscal year eps: -53.7
Next fiscal year eps: -62.1
5-year projected eps: No takers.

GBIX (Globix Corp.)
Debt/equity: 100
Interest coverage: -8.1
Price/cashflow: -11.1
1-year sales growth: +2.5
This fiscal year eps: -103.5
Next fiscal year eps: -59.7
5-year projected eps: No estimates.

I have nothing against the above companies; for all I know, they may actually be very deserving (the biotech companies in particular). They just share a similar, and not very reassuring, profile. They also share similar charts: a spike in price up to early March, and a precipitous fall thereafter, interrupted by occasional price jumps on rally days like today. They are all up today, for example, except for CLTX.

Anyone familiar with any of these stocks? Any opinion?

jbe