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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Jim Roof who wrote (239)	3/5/1998 9:04:00 PM
From: Bill Wexler	Respond to of 4634

Turbochef serves up...more stock!! Another quarter has rolled by and $150,000,000 market cap turbochef delivers another steaming plate of losses... biz.yahoo.com Note the large increase in shares outstanding. This came from a "strategic alliance" with Maytag where maytag purchased some turbochef stock in exchange for the company's worthless cooking "technology". if it weren't for this fortuitous event, the company would be left with a zero or negative cash position. In the meantime, annual losses increased dramatically and the company still hasn't shown significant revenues, especially in light of its enormous market capitalization. The quarter's loss (compared to last year) would also have been higher if it weren't for another fortuitous $750,000 "R&D" payment by Maytag. I expect TRBO to eventually trade in the low single digits. BTW. Investors were so enthralled with today's earnings news that the trading volume reached an astounding 11,800 shares...must be those big fund managers tripping over themselves to buy this stock.