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


To: Rashley who wrote (2918)2/13/1998 1:29:00 PM
From: Keith J  Respond to of 18691
 
WDRY mentioned in lunchtime news at MF:

Coinmach Laundry Corp. (Nasdaq: WDRY) was spun for a $2 1/4 loss to $21 after investment advisor Asensio & Co. alleged in one of its highly entertaining press releases that the provider of washers and dryers to multi-family properties overstated free cash flow in its fiscal third quarter financial report. Asensio said an accounting change allowed Coinmach to report $12.1 million in free cash flow, but believes the figure is actually negative $21.6 million.

KJ