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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: Rashid Garuba who wrote (19443)	12/2/2000 11:47:07 PM
From: JD	Read Replies (1) \| Respond to of 59879

Mark and Rashid: Don't see anything in the financials that would come up and bite them anytime soon. For a week or two hold, should be OK. If you compare YTD statement of cash flows for the last two quarters, it shows that they generated $28 million in cash flow from operations for this most recent quarter. But before I would make this a long term investment, I would want to find out how come their cash balance at the bank is nil. They have been paying back some debt and buying back some stock, but the cash flow statement does not have enough details to find out what is happening. My other main concern (besides the influence of the equity market outlook for 2001) would be the impact of higher oil an their manufactured floorings, but I have not looked into the product mix to see how much is oil dependent. They also have a $20.1 mil restructuring charge taken against this years earnings (qtr 1). If not for this charge, would have TTM earnings of $0.51...which would give them a PE of 19. They do have a fairly high level of debt, again I have not checked to see if it is all bank debt or what. This has reminded me how come I switched to short term trading based on technical indicators. Trying to slog through all the reports and news and doing research is at least 20 times the work of checking the charts and trading logs. Of course, in both research styles, there is a whole lot of education to prepare you in knowing what to look for..... The best quick and dirty fundamental page is market guide: yahoo.marketguide.com Level of the dollar is starting to get very interesting...sure would be a shame if it pushed the price of gold up into a short covering panic, would'nt it??? And the Junk bond market is showing signs that somebody is scared of a real credit crunch in our future...which also lines up with what you are seeing in the gold charts. Jerry