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

To: Pancho Villa who wrote (86)	3/16/1998 11:28:00 AM
From: Mandinga	Read Replies (1) \| Respond to of 650

I believe the time has come. Above $29 it's a GREAT SHORT. This is the last time you'll see this stock trading at $29, I am shorting some today. Mandinga

To: Pancho Villa who wrote (86)	3/16/1998 12:20:00 PM
From: Peter V	Read Replies (1) \| Respond to of 650

I will see what info I can gather, but I don't think the employees are going to tell me how they manipulate potential clients. And I don't think that customer satisfaction has all that much to do with the stock price or even the financial health of the company. Merely because members are getting screwed, does not mean that their money stops flowing into the company. Wall Street doesn't care about kids getting taken advantage of, as long as the cash keeps coming in. Nor does Wall Street care if the machines in the club are old and broken. Although I care about such things, the Street does not. Financials are the only thing that matter to the Street, and unless and until BFIT gets hit with a lawsuit, like a class action on behalf of angry members, then the customer satisfaction thing is a dead issue for the stock price. And such a lawsuit is not likely to happen, given the lack of sophistication of the young members. Nor is there a decent cause of action, you can't sue for bad equipment at a gym, and a contract is enforceable, even if you don't read it, but sign at the bottom saying you have. Not to say that this stock isn't overvalued, but the conditions at the gym are not relevant to that issue. IMHO.