Recently received an advertisement for a stock newsletter, THE VULTURE LETTER....which specializes in Bargain Basement stocks....while trying to avoid the road kill that won't back bounce any further than a dead cat....
One of the sample picks listed in the literature was CRAIG (CRG)...which it had listed on the NYSE though I found it also on the Midwest Exchange.
Here is the blurb...
CRAIG. (NYSE: CRG) If you're a bookworm, you've read about companies like this in Graham and Dodd's "Security Analysis", written in the 30's. Back then, you could actually buy a stock for less than the cash on its balance sheet.
Well, Crank up your Model A for a trip back in time. This theatre stock (also owns control in 120+supermarkets, etc) has almost no debt, yet it's a virtual treasure trove of big assets, most of them hidden away in places like Australia and Puerto Rico. They own theater chains in the U.S. and all over... It sells around 19.00 (currently at around 11.00) Cash on hand comes to about $15/share, with virtually no debt...
Hmmmm..... Anyone else out here follow Craig or "The Vulture Letter" edited by bottom picker, Kevin Pilot....? |
