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


To: Ploni who wrote (8618)12/19/1997 12:40:00 PM
From: Ploni  Read Replies (1) | Respond to of 9285
 
Shorted a little BVF at market open for 37 7/8. So far, so good.



To: Ploni who wrote (8618)12/19/1997 4:28:00 PM
From: Bill Wexler  Read Replies (1) | Respond to of 9285
 
I was referring to both - sorry if I was a bit unclear. I believe that the company is experiencing short-term liquidity problems as evidenced by the current rartio. Cash flow is obviously negative. I think I already mentioned that despite the healthy-looking earnings, the company blew away all its cash and had to borrow $10,000,000 from its short-term credit line in order to pay its bills.