Pertinent Data
Float 6.5 million
Outstanding 9.5 million
Just strongly broke through 52 week high
Balance Sheet
No long term debt
$6-7 million in cash, currently
Company is an investment company with ownership of both private
and public companies.
Owns 49% of Casino Magic- Argentine Casino
Owns 53% of Paaco - Car Dealerships just aquired and profitable
Owns 79% of Concorde- sub-prime mortgage lender
Owns 80% of companies engaged in selling bulk containers
Owns 222,222 of Inktomi
ALL OPERATIONS are now profitable and they will report a profit on or about May 30th and should have earnings of over .35 next year.
Reasons to buy now:
1) They own 222,222 of Inktomi, a search engine creator at a basis of about $4.50 per share. The company is going public
around the 25th of May and the starting price should be over $20 per share. It is expected to double or triple from there on the opening day. This will create a huge gain for Crown.
2) The analyst who covers the stock will issue a strong buy recommendation on the week of May 18-22 with a price target of $12 per share. They will send that info to over 8000 investors, brokers and analysts.
3) 4th quarter earnings will be hafty and will reflect a revenue increase of over 1000% from profitable aquisitions. Revenues for next year should be over $80 million.
4) Road shows are planned soon to get the word out on the company.
Current Price is $4.56, it just broke out of its 52 week high and next resistance is over $6.
Check this company out. |
