Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TRIIBoy who wrote (14728)	1/4/2001 7:43:28 PM
From: torquatus	Read Replies (1) \| Respond to of 18998

How can they miss earnings when the earnings are manufactured? As for the advertising, notice the immense capex combined with flat to declining membership--Bally is raising rates but not cramming any more people into the already full gyms. Declining advertising can be explained as a function of the fact that with the new equipment, there is not the same need to replace churning members. It is grossly overvalued and the accounting is fraudulent, but none of that is going to change in the next 2 to 3 quarters, or the next 2 to 3 years.