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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Marconi who wrote (10714)	6/30/1998 9:37:00 AM
From: Bob Trocchi	Read Replies (1) \| Respond to of 18691

Marconi... >>What aspects generated the absolutely terrible opinion?<< I did watch the CNBC interview with TAVA's CEO, J. Jenkins. My perception (and I am sure others will have a different perception) was that he did not appear confident with his answers. He was nervous, lot of had wringing, very serious. I believe he had a wonderful opportunity to elaborate on the reported $12.5M in bookings in May, did not get that. There was a list of some really big Fortune companies that was shown when was talking in which there was really no elaboration. This in my opinion is a very big missed opportunity or it means that there is not a whole lot to say for the future. His answer to the question as to what happens after 2000 did not inspire any confidence in me. I cannot quote exactly but essentially he said very simply that TAVA will go back to doing what they did previously. It came across to me that he did not have a clue about any long term growth plan. Maybe he is worried about the magnitude of his staff growth and what will keep them busy after yr. 2000. Now remember, this is my impression. I think it is foolish to make decisions simply on a 2 minute interview. Nonetheless, he did not inspire any confidence in me. Being short maybe I hear what I want to hear but that is what I heard. BTW, I enjoy your thoughtful posts. Bob T.

To: Marconi who wrote (10714)	6/30/1998 10:55:00 AM
From: CalculatedRisk	Read Replies (1) \| Respond to of 18691

Marconi, re:TAVA. I was attracted to this company for several reasons: 1) Rabid followers (always a good hint). 2) Unrealistic expectations. They are a consulting company (with a limited time frame) but they are being touted as a product Company. 3) Amateurish management. I listened to the conference calls ... yesterday's debacle on CNBC was no surprise to me! After some digging, I have found out that the product (PlantY2KOne) is selling far below expectations. Actually this was pretty easy to find out <G>. Their cash flow is horrible. They have being financing the Company by rapidly diluting the stock. Their "core business" is declining. And the financials stink. Otherwise, this is a fine company. Regards, Bill