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Author: PhoolishPhilip Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 466  
Subject: Re: They are giving it away Date: 10/30/2000 11:16 AM
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Harry,

Xeta is in the midst of a major remodeling. They have taken on debt, bought new companies, and moved into entirely new areas outside of the lodging sector. Based on these factors, it is not possible to say that Xeta is a bargain at $10. The next earnings report will be very telling after two quarters of bad news. Myself, I am in wait and see mode. If their AR are still high, if they don't show any significant new contracts, if cash flow is negative, then I am out.

Philip
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