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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (8162)9/30/1998 4:02:00 PM
From: Gator  Read Replies (1) | Respond to of 25711
 
I'll look GBFE over.

My initial take is that they're in trouble, losing money big time, credit rating downgrade will make it more expensive to borrow, and negative cash flow make it doubtful a white knight will come in and save the day. Of course, they could turn things around if they announce an internet site or something like that. Not very much downside risk at these prices.

Gator