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

To: PeterGx who wrote (8944)	12/27/1997 10:06:00 PM
From: tcarnes	Respond to of 9285

dear petergx: thanks for your input will hold off on bfit tell warmer months. happy hunting tj.

To: PeterGx who wrote (8944)	12/27/1997 10:12:00 PM
From: Pancho Villa	Read Replies (2) \| Respond to of 9285

Peter RE: BFIT >>IMO these two/three factors: a steady supply of new buyers, agressive marketting combined with trap-contracts, and increase in seasonal revenue could easily postpone a fall int he stock's price (at best)...<< Good points. The key concern would be the seasonality factor the January pickup will always be there. It has always been a fact business in the that a lot of people who sign in quit. That is how they can offer the low prices. However, I doubt they will have the dramatic pickup needed to make a substantial difference. What I recall is that the margins were very slim, allowance for uncollected receivables high, and that the business did not provide attractive returns even not taken into consideration debt service which BTW is very high. Still, I think it is a good idea to refresh my memory by re-reading my notes and a bunch of the SEC fillings again. Pancho