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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (2636)	2/10/1998 1:22:00 PM
From: Ploni	Read Replies (1) \| Respond to of 18691

LAMR broke 50 for the first time today, and is in fact up 8% as I write this, at 51+. Friday the 13th it will split 3 for 2. I believe annual earnings are also due out on Friday. My estimated numbers are: P/E = 277 Price/book = 21 Price/sales = 7.5 Price/cash flow = 13.6 Debt/total assets = 90% (probably even higher now; they're still buying other billboard sign companies right and left; that's how they show such pretty sales growth) I don't know if it splits first thing Friday, or after the close. I might short it after the split. I bought puts when it was much, much lower, and they may expire worthless, but I haven't shorted this one yet. It's bad enough when these Internet companies have extremely high (or negative) P/E's and other ratios, but at least they are usually debt-free. I'm astounded that a company carrying this kind of debt is trading at these levels.