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Strategies & Market Trends : BFT: Will the tulip craze ever break down? -- Ignore unavailable to you. Want to Upgrade?


To: Justin Curran who wrote (643)4/5/1999 4:28:00 PM
From: Bob Trocchi  Read Replies (1) | Respond to of 650
 
Justin...

>>Does anyone actually like BFT .....<<

I am delighted that someone has posted something on this thread. It has been a long time, almost 2 months. I have been short for a long time so I guess I don't like it. Being that I am "underwater" makes me not like it more. <G>

They have surprised me in that I feel their debt is so large that servicing it will more than eat up their profits for a long time. It is starting to fall as it is down again today. Perhaps it is dawning that growth from new "gyms" will only go so far. Eventually they need to show growth and profits after they service their debts from "same store sales."

I assume you are short as well.

Regards

Bob T.