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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Pancho Villa who wrote (7036)11/15/1997 6:24:00 AM
From: Bill Wexler  Read Replies (3) | Respond to of 9285
 
Turbochef continues to amaze investors...

biz.yahoo.com

I am sure that in this market, investors will somehow find a way to consider this good news and the stock will gap up 10 on Monday.

Check out ther income statement and balance sheet. Now consider that this company is still capped at over $150 million.

Funniest portion of the press release is a snippet detailing the Maytag "alliance":

<<Key elements of the alliance include Maytag's purchase of $10 million of TurboChef, Inc. common stock and TurboChef's purchase of $10 million of Maytag Corporation common stock.>>

Wow! How's that for a shrewd deal? Kind of like going into a store and asking to change two tens for a five.

I remain short and patient as always.