Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Action & Options- Taxikid plays -- Ignore unavailable to you. Want to Upgrade?

To: tcarnes who wrote (3449)	1/21/1998 7:58:00 AM
From: Allan F	Read Replies (2) \| Respond to of 4339

tcarnes and druss, WDRY - I keep thinking of Staley's book on this one. The two things I she wrote that I remember most distinctly are shorts always enter the game too early, and they always underestimate a company's ability to get more financing. I think WDRY may be one of her classic bad companies that lasts as long as the bankers keep giving it money. Once the financing dries up, look-out below. I suppose the thing to watch on this one is cash flows. I don't know what the revenue per washing machine might be, but I once heard from a guy in the rental business profit was $3/unit-Month (that number is a few years old). He strongly advocated the out-sourcing the hassle to WDRY types. FWIW, -Allan