Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (1015)	6/11/1998 7:53:00 PM
From: Peter V	Read Replies (2) \| Respond to of 4634

Why is GBUR overvalued? It trades at less than 2 times sales (good), but 7 times book (bad). Although it is losing money (bad), it does not seem grossly overvalued. What else makes you like it?

To: Bill Wexler who wrote (1015)	6/12/1998 10:57:00 AM
From: epicure	Read Replies (1) \| Respond to of 4634

You could be right. But Gardenburger is sold through Costco. We buy it there as do a lot of our friends on restricted diets. It is a really good burger- and we prefer it to the Morningstar and Green Giant products. When they have tastings at our Costco the product seems to be well received. That said, I haven't invested in the company. But I don't think this short has the same downside potential as a Zona. And if we have any more beef and chicken scares GBUR could do very well indeed. As I know a little bit about meat processing I would say future scares are very likely.