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


To: Gordon A. Langston who wrote (92)3/17/1998 6:13:00 PM
From: The Band Leader  Read Replies (1) | Respond to of 650
 
I am a BF member in NYC. Two facilities are being closed here. There are others around so most won't be able to get out of contract.

I have also followed BFIT for awhile. The per share losses have always amazed me, especially as the stock continues to rise. It just proves that the stock is manipulated by somebody for some reason. That's why I'll look elsewhere for shorts.

What's changed here? It has always had lousy fundamentals and just keeps rising.



To: Gordon A. Langston who wrote (92)3/17/1998 10:44:00 PM
From: Pancho Villa  Respond to of 650
 
Payments on capital are not due until 2007. This helps with the cash flow situation and is quite normal. Interests due are payble and considered expenses of the period no way out on these ones.

The place where I think they tried to play games is dumping part of the accrued interest for Q4 97 debt together with the one time charge for refinancing of what was it 10 million? They can play with revenue recognition but in general I don't think they will go too far with book cooking [I hope].

Pancho