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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (1888)5/3/1999 8:06:00 PM
From: TRIIBoy  Respond to of 19428
 
I think there is more here than appears to be going on. They basically announced they are going to have a loss this quarter when a $0.01 per share profit was forecast. And they made no mention of what kind of accounting changes would have to be made.

they also announced that they would lose money on operations and in cash flow again, they are dangerously close to being out of cash and bankrupt regardless of that bullsh*t release.

Somebody dumped a monster position today and I can't wait to see their earnings (or lack thereof) release.

Look at this part fo the release:

>Blue Rhino began selling patio heaters, which use the same 20-pound >cylinder as propane grills, in the second quarter of fiscal 1999.

>''We have received strong retail response to our new patio heater >product and have stepped up our marketing and sales efforts. However, >our current marketing and sales efforts will not generate revenues >until the units are delivered this fall,'' Prim noted.

From gas cylinders to patio heaters. What a great business they are
building...

But I am still curious as to why the big sell-off on seven times average volume... Something is wrong in bedrock.



To: Sir Auric Goldfinger who wrote (1888)5/3/1999 10:10:00 PM
From: TRIIBoy  Read Replies (2) | Respond to of 19428
 
I know this is a strange source but Paul Kangas from PBS' nightly business report said on the show tonight that it was down on concerns about an SEC investigation into accounting practices...

Hmmm...there was no mention in the press release...