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

To: Pancho Villa who wrote (7472)	11/24/1997 11:25:00 AM
From: ted free	Read Replies (2) \| Respond to of 9285

Pancho & Eric- BFIT continues to show a lot of hype. The refinancing of the 13% notes will result in a 20 mil loss. While it lowers the interest rate to 9 7/8% its main feature may be to push out the due date to 2007. Selling more financed memberships will show higher margins however I expect to see member processing and collection expenses to climb. They claimed reduced expenses for collection center services the recent 10Q. Eric I agree with your opinion of the "BFIT Essentials Shops" not being a good use of space. The "new line of nutritional supplement products" is doubtful as BFIT name doesn't carry any weight with most of the public. Many of the recent press releases are a lot of fluff. The release that shows a decrease in body fat while exercising at BFIT is certainly one. It looks like the present management is going to keep the fluff coming. Short YHOO, GTW, AMD and BFIT soon. Regards, Ted

To: Pancho Villa who wrote (7472)	11/24/1997 7:58:00 PM
From: Pancho Villa	Read Replies (1) \| Respond to of 9285

Eric, RE: SBO Looked at show boat for about 1/2 hour. First of all Fido was buying recently. about 1.7 million shares reported to SEC last June. Eric, yes the stock may be overpriced (as most stocks this days). Fro last 10Q: leverage is significant but given the fact that they have real state holdings I have seen worst, Revenues show healthy growth [acquisitions seem to be working], cash flows from operations still a bit negative but getting better. They are showing some earnings. Don't know much about the casino business but this outfit looks reasonably healthy to me. Plenty of better short opportunities around. Pancho