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Microcap & Penny Stocks : Kaire Holdings - $0.50 stock- $3 to $4 Book Value -- Ignore unavailable to you. Want to Upgrade?

To: Coral4pH_dot_com who wrote (364)	9/9/1998 5:27:00 PM
From: Stephen Goldfarb	Respond to of 1640

Dean: I am not much for cheerleading or getting too far ahead of oneself. In my view, the stock is still a speculative investment. It depends on what happens with Kaire International, and the public offering. Although the offering is reported to be going forward (it is expected to survive the current round of SEC review), we do not know how successful it will be. One rating service gave it a less than desirable appraisal. It also remains to be seen what the current market climate effect will have. As is known, when volatility increases, and predictability is threatened, investors tend to pull back. I thought the information posted on the Kaire International web site was encouraging. It indicated that the foreign operations were profitable. How profitable was not stated. Kaire International was last reported to be experiencing quarterly losses, although these losses have narrowed. A stock price is a discounting mechanism. That is, it reflects future expectations. You would have to say, notwithstanding the exaggerated effect of liquidation of debt, that the market price deterioration has been portraying a pessimistic picture. Of course, that could turn around, particularly in anticipation of the public offering. However, even if the public offering raises sufficient cash, the turnaround of Kaire International must still progress. Otherwise, share price following the public offering will erode. A bear market would likely contribute to this process. Steve