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Gold/Mining/Energy : Yogen Fruz IT'S ALIVE, IT'S ALIVE -- Ignore unavailable to you. Want to Upgrade?


To: Robert who wrote (850)11/26/1998 4:54:00 PM
From: Stephen Morley  Read Replies (1) | Respond to of 2453
 
Real men invest...others write about it. There appeared to be concern in the market about accounting, one that hopefully has been addressed in the 11/20 report.

Need to see 6.70+ to reverse downtrend.

IMHO

/sm



To: Robert who wrote (850)11/30/1998 3:09:00 PM
From: AGORA  Read Replies (1) | Respond to of 2453
 
Good afternoon, Robert. Just to clear up any misconceptions on the thread, we have held core positions in YF at 4.60 and 5.40, since December of 1997. We have no intentions to dispose of these positions, though hindsight would have given us great profits at $14.00+ earlier this year.

The disposition posted at this thread was strictly a short term trading position (4.70), meant to capitalize on what we thought was an oversold situation. We anticipated weak earnings but still expected .40/per share at a minimum. When earnings came in at .33, it was reasonable to assume sell-off in YF. Fortunately, it appears management's decision to release shortly before the Friday close was a good one.

In our opinion, YF is a very good company. Yogurt may not be as "sexy" as the ".com" industry but someone has to supply it to the people. We are disappointed in not taking profits at $14.00 but those are the breaks. Sooner or later, YF will come back and our core positions will profit handsomely.

Hope this clarifies our "friendly" position.

Have a great day.

Regards,
Agora.