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To: Ditchdigger who wrote (16240)9/10/1998 7:04:00 AM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
Ditch
thanks for the heads up on BIAC
I tend to shy away from smaller 4 letter stocks but both the chart and the fundamentals on this one look good

I'm not sure why the stocks in this industry have done so poorly

look at the big leaders, CCA WHC
they have excellent growth in revenues and earnings but have fallen like 50% give or take

I can only guess that the price got way ahead of itself and the P/E's have "corrected" to more reasonable levels
and maybe the new REIT structures have hurt them, not sure

they all look like good longer term holds at this juncture