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Strategies & Market Trends : BFT: Will the tulip craze ever break down? -- Ignore unavailable to you. Want to Upgrade?

To: dealmakr who wrote (80)	3/14/1998 12:39:00 AM
From: Pancho Villa	Read Replies (1) \| Respond to of 650

Mr Hillman I am dying to see the CF statement for FY 97 as the CF for the first three quarters shows a bleak period with cash flows from operations at a significant deterioration to 24 million, a 75% increase! I hope the 13 million in investment activities are not for intensive care units at a couple of your gyms! How likely are you to reverse this trend in the next 12 months? You are stuck with margins so low that you cannot afford advertising! With the rather modest capital expenditure plans diluted by other non-gym efforts, how do you planning to significantly increase revenues? Just by pushing three year deceiving memberships to 18 year olds? It is nice to see how BFIT helps our young start their life with blemished credit! CONSOLIDATED STATEMENT OF CASH FLOWS Nine months ended September 30 ----------------------- 1997 1996 Cash used in operating activities............. (24,965) (14,453) Cash used in investing activities ............ (13,781) (12,782) Cash provided by (used in) debt transactions.. (2,961) 11,121 Pancho

To: dealmakr who wrote (80)	3/14/1998 11:00:00 AM
From: put2rich	Read Replies (1) \| Respond to of 650

<<Overweight stock sheds a half in market workout today. Looking forward to further slimming>> It is not just slimming but start dieting to death (volume of this stock is extremely low, can fool no one). Percentage of ownerships by funds on this one is too high so they could manipulate the price to this ridiculous level. A small bad news (which Pancho will achieve..) comes out this will drop like a rock since they all exit at the same time and MMs then don't care about the profit/loss. Some good valued consumer industries like Kimberly and ProcterGamble got hit, how come this one can stay in the cloud for so long. I will stay put for long term and try to average up my short. (Just regret why not getting out at 20 level and reshort like hell later, but it will be alright).