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Non-Tech : Balance Bar -- Ignore unavailable to you. Want to Upgrade?


To: James888 who wrote (15)7/19/1998 9:54:00 PM
From: Tom Pulley  Respond to of 49
 
James, I had to make the same decision as you as I was unaware Balance Bar was public until recently so I bought in at 14 1/4. My gut feel is that the stock will fall back as the IPO hype wears off, but I am looking at it as a long term investment so I decided to make the plunge. However, it is not uncommon for IPO's to drop off a bit as sometimes they seem to play various accounting games or stuff distribution channels or whatever to make their results a bit better before the IPO. If the price does drop due to slower revenue or earnings growth for a quarter or two, I'll buy more as my wife says Balance Bar is gaining lots of shelf space at our Walmart. She has an incredible record on retail stocks (for some reason) and she says these bars will take off since they are healthy and kids seem to like them. When her sister's family with three kids below 9 years old visited us they loved the balance bars.

I just reread my post and realized its not much help with your decision, so I'll just say good luck with whatever you decide.

Tom