[ AVID ]
Hi Sandbag,
You guys are starting to read my mind. I in fact was just speaking to Dave Horne about this off the thread. Here's a look at my recent correspondence:
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Private Message
To: dave horne
From: Rainier Trinidad Monday, Jun 8 1998 6:42PM ET
[ AVID ]
Dave,
Since you're Mr. Shortseller on the RA thread, what do you think of AVID? It popped up in one of my Potential Shorts Scan based on weakening momentum, trend deterioration, etc.
Bearish Flag.
Insider Selling:
144...613,303...16,817...V,D.......36.47 3/98
S.....267,976...6,817....V.........39.31 4/98
144...2,126,994 65,565...O,O,O.....32.44 2/98
S.....1,500,657 50,085...V,V,V,V...29.96 3/98
144...4,994,120 145,771..D,D,N,A...34.26 8/97
S.....2,181,655 64,719...O,D,O.....33.71 9/97
Inventory turnover is declining.
Revs flattening:
REVENUE...1995.....1996.....1997.....1998
------------------------------------------
Q1 MAR...83,895...92,039..108,209...108,742
Q2 JUN...98,447..109,095..122,884
Q3 SEP..114,377..114,664..116,510
Q4 DEC..109,931..113,211..123,735
Balance sheets are outstanding though.
But I'm chicken. <gg>
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It looks like it's developing nicely from a shorter's point of view. I'm in the middle of my download, so I'll take a look at it after today's data comes in.
Regards,
Rainier |
