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

To: Bill Wexler who wrote (3222)	10/1/1998 6:42:00 PM
From: Gary M. Reed	Read Replies (2) \| Respond to of 4634

Billy's cryin'. Cryin' bad. Let's look at the numbers. Last two days, COST down 6.3% (billy said go long) DTLN down 3.3% (billy said #1 short) Dow Jones down 4% (billy can't even keep up with the market) I can hear David Lee Roth now, "wohh, wohh, wohh, Billy's cryin'..." I know this is a tough concept for you to grasp, Billy Boy, so let me spell it out for you. Your #1 buy is DOWN 6.3% in the last two days. Your #1 short is down 3.3% in the last two days. The Dow is down 4% in the same time frame. Russell 2000 down 4.1% in two days. Cripes Bill, you can't even keep up with the averages!!! Guess we'll call you "Wrong Way Bill Wexler." Time to re-name your thread! Yer pal, Gary

To: Bill Wexler who wrote (3222)	10/1/1998 9:25:00 PM
From: Bobo	Respond to of 4634

<<Free cash flow??? ROTFLMAO!!!! >> Bill, I am not long or short the stock but was looking at it from a short perspective. Actually I would love it to be a short but I am not seeing what you see (yet). Let's take Q198, the company earned $11k, add to that depreciation and changes in op accts to get $11mm in cash from ops. Deduct from that cap x (outside of eq for new subscr's) and we get $10.1 mm in FCF or $.83/ share. Even with the fiascos of Q2, the company generated $11 mm in FCF. Granted, the company is out of cash by virtue of acquisitions and cap x for new subs. But if they bring on no new cust's this thing throws off a lot of cash. What am I missing? Don't let me down Bill, I have found most of your past ideas very solid. The easy shorts are over though. Bobo