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


To: tech who wrote (7150)11/18/1997 5:15:00 PM
From: Eric Klein  Respond to of 9285
 
re: Short BGL. Brooke Group posted earnings yesterday of negative $.87 a share...Their assests would yield about $3 a share...

Does anyone have a scenario for why this stock has increased in price recently? I subscribe to WSJ Online, all they have are articles saying that nobody can explain it.

How did you get a book value of $3? Or am I misreading your statement? They have $135 mil in assets, $342 mil in long term debt. Seems to me that they have a book value of about -$11.

Thanks for pointing this stock out!