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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: snail who wrote (4565)	11/11/1998 1:57:00 PM
From: TRIIBoy	Respond to of 18998

nope not a pink pick, its a goldfinger pick. They sell computers in Brazil to people who normally would not be able to afford it. They factored their accounts receivable, but when you back that back into accounts receivable, DSOs are 200 plus. Inventories are also at 200 days. Cash flow is awful and the only way the company stays alive is that daddy keeps funding his son's toy. Lets, not forget they sell computers in Brazil. At best they will have flat GDP growth next year, interest rates are at 40%.

To: snail who wrote (4565)	11/11/1998 3:39:00 PM
From: TRIIBoy	Read Replies (2) \| Respond to of 18998

An article on Bloomberg, faxed to me by a colleague, says that Brazilian car dealers are using go-go dancers, elephants and other devices to lure people to at least look at a car. Inventories have risen to 40 days of sales. Hmmmmm....I wonder what computer sales are doing...