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


To: Mr. Pink who wrote (14662)12/29/2000 1:13:23 AM
From: TRIIBoy  Read Replies (2) | Respond to of 18998
 
Can his holiness take a look at BFT? Analysts are suddenly whoring the stock, which needs financing desperately. And I cannot find a reason to own a stock with such ridiculously high consumer receivables into a economic slowdown.

The latest analyst shill is that they are going to sell those receivables for par (been saying this since october). This fantastical proposition is a farce. With financial institutions left and right hurting from losses, I wonder who would take on hundreds of millions of individual consumer receivables.

I also found some numbers slightly changed from 10-q to 10-k. Do you know why advertising expense would be lowered slightly and revenue increased by the same amount?

You need to do some DD, this is a smelly, nasty turd. And its had flies around it for awhile.