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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (503)	3/30/1999 6:46:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 10293

The company has about 6 mil. shares in the float with one third of that short. Check out the chart of the company over the past year and you'll note that the zigs and zags tend to be sharp (though within a reasonable range). This is common of stocks with small floats. If the float were larger, I imagine that the stock would have taken that 5 point hit. Bottom line: over the long term the stock is going to hit the floor. Even if the company limps along for years there will probably be multiple opportunities to cover well below 10 a share. The company is grossly overvalued now. It's a great short.

To: Dale Baker who wrote (503)	3/31/1999 4:36:00 PM
From: Bill Wexler	Respond to of 10293

Compressed-salad manufacturer GBUR throws away more money... biz.yahoo.com Last year Gardenburger pumped its stock by announcing that it was paying exorbitant sums to advertise on the final episode of Seinfeld. This year Gardenburger wows its shareholders by announcing another useless and expensive TV advertising campaign. Gardenburger shareholders want to believe that Americans will throw away their fast food and switch to compressed-salad patties that vaguely resemble hamburgers and taste like.....compressed-salad. At best Gardenburger is a niche business with low margins, high overhead, and zero barriers to entry. The stock is absurdly overvalued. Short with confidence whenever it pokes into the double digits.