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


To: Anaxagoras who wrote (4956)12/5/1998 10:43:00 AM
From: Anaxagoras  Read Replies (2) | Respond to of 18998
 
Re: SLVN

Here's a bit of a story on SLVN:
cbs.marketwatch.com

An excerpt:
<<Bear Stearns said Friday that it's concerned with the quality of Sylvan Learning Systems' reported earnings. It maintained a "neutral" rating on Sylvan.

Bear Stearns' accounting and taxation group found three major concerns with Sylvan's books: acquisition accounting that would cause Sylvan to miss earnings expectations; the use of off balance-sheet marketing funds; and Sylvan's relationship with the Caliber Learning Network.

The analyst company is also concerned about Sylvan's "deteriorating working-capital management."
>>


Still looking for a comment for two on the CNBC coverage yesterday afternoon that I seem to have missed- anybody???

Thanks,
Anaxagoras