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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: pogbull who wrote (8794)	8/16/2002 11:28:56 PM
From: Sig	Read Replies (3) \| Respond to of 13815

<<Anoher major problem that I see is that companies that go bankrupt don't disappear. They just reorganize and come out with much less debt. This insures that their competitors will have to file bankruptcy in order to compete. Nasty cycle. Where does it end? >> The cycle never ends but the end is coming (for some of these) Lets take a look at 7 stocks held by one fund Ticker ( Recent period 3 to 9 mos)................................(.full Year). AVCI Rev $17mm Loss$ 34mm ROE (-48%) For year Rev $33 mm Loss $96mm AVNX ------------------------------------------------------- For year Rev $33mm Loss$ 75mm for year CORV Rev $12mm Loss$ 19mm ROE (-64%) For year Rev $51 mm Loss $645mm DSLN Rev $11mm Loss$ 11mm ROE (-101%) For year Rev $45 mm Loss $54mm ESPR Rev $0mm Loss$ 7mm ROE (-43%) For year Rev $0 mm Loss $28mm INAP Rev $32mm Loss$ 20mm ROE (-184%) For year Rev $125 mm Loss $187mm LNUX Rev $16mm Loss$ 72mm ROE (-245%) For year Rev $31 mm Loss $362mm Avg Sales $ 45 mm Avg loss $214 mm Avg ROE (-114%) Pay for AVNX Executives is $22,153,000 to produce $33mm in Rev while losing $75mm.( the world is so unfair) Conclusions: 1. On average they will run out of money within 11 months. DO NOT loan them more 2. Do not buy into this fund (G) They also own LPSN,MIWV,PDGM,PKSI,RHAT,SABA,SMRA,TELM,VCNT,WFII 3. Be careful buying 4 letter stocks containing an a,b,c,m,n,s,t,or w.(or other letters) Sig