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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: arnold silver who wrote (2769)	8/11/2003 4:50:27 PM
From: Sergio H	Read Replies (1) \| Respond to of 23958

Arnie, Ken explained his reasons for shorting this stock and I don't think Joe has posted an opinion as of yet. I could be wrong here, but this is how I see it. BLTI's ratios (from Yahoo): Price/Book (mrq*) 30.62 Price/Earnings (ttm) 56.22 Price/Sales (ttm) 6.52 BLTI is selling at very expensive multiples fueled by reported growth. This company is now seeking to restate earnings. Simply put, they want to take earnings they previously reported and report them now. If you reduce prior earnings, this makes the multiples that BLTI is selling at even higher. I am not sure how much higher because the Co. has not given any specifics, but I am certain that the restated earnings will result in a PE much higher than the growth rate.

To: arnold silver who wrote (2769)	8/11/2003 5:23:28 PM
From: JoeinIowa	Respond to of 23958

Arnie, I think my only comment recently was Kens short of BLTI for our accounting purposes would have been easier for me to handle if he had just bought puts instead. My opinion on BLTI is the risk is too high relative to the reward. One bit of bad news will cut the stock in half while the upside is probably a few more points. I echo Sergios comments it is not cheap relative to PE, CF etc... I also hate companies that have accounting issues. Joe