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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (2043)8/14/1998 5:02:00 PM
From: Mr. Pink  Read Replies (5) | Respond to of 18998
 
ENVY is a piece of shit. Their method of writing off acquisitions could be challenged by the SEC. Although Salomon claims the sales force teach in is next week, and the road show after labor day, one need only look at the SEC's spanking of McDonalds to see that they frown on aggressive accounting like that of ENVY's.

The business is also overvalued and they have lost their largest customer, MEDIQ to MediAmerica, a company currently in registration.

Mr. Pink is short and so should you be.

Mr. Pink