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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 (268)	4/6/1998 10:17:00 PM
From: B Tate	Read Replies (1) \| Respond to of 650

Pancho I never took it that there was anything legally wrong with their accounting practices. This is not a sham company like others that have been mentioned on various threads on SI. This to me is the classic buyer-beware situation where a lot of us folks, short or long could have been burned without your analysis. Again my thanks, when it breaks I hope to enjoy the ride with many fellow travelers from this thread. best regards bt

To: Pancho Villa who wrote (268)	4/6/1998 10:19:00 PM
From: CatLady	Read Replies (1) \| Respond to of 650

<< It is said the earnings of the former are of higher quality so even though they may appear to be less profitable in terms of return on sales, etc. they, may sell at a higher multiple. >> That's how it SHOULD work, in a rational market, eh? Actually the reason I like BFT as a short, is that one can say even IF all the accounting is up to snuff AND they find some miracle way to make analysts 98 estimates, it'll still be overvalued by rational standards. Almost a no-brainer, except for the momentum players taking it higher. CL