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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Oblivious who wrote (3132)	9/29/1998 7:39:00 PM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 4634

Ever see those ads on CNBC for "DTN Real-Time" quote service? That's DTLN. The vast majority of their assets are the machines they lease to subscribers to their services, and those machines are depreciating quickly. Depreciation is more than three times net income. A little math reveals DTLN is on pace to write off the machines as worthless in about two years or so. Rapidly aging technology, a stagnating subscriber base (they admit that they offer little that cannot be obtained either free or much more cheaply on the Internet, other than a "single source solution"), decreasing development expenses (down 18% from last year), and, and this is the kicker, no cash. The entire company is running off a line of credit. Over on the Yahoo thread they are talking buyout, buyout, buyout. One poster is insisting it will happen within a week (though within which week isn't completely clear), and also claims to know the per share figure. He's dropping hints: "there isn't a '2' or '3' in the number". So I'm guessing it's a $15 bid coming real soon now. Seriously, I am short the stock and am betting that no one has a serious interest in this company.