CustomTracks Corporation (NASDAQ:CUST) Message Board

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Microcap & Penny Stocks : CustomTracks Corporation (NASDAQ:CUST)

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To: Larry Voyles who wrote ()	9/25/1998 9:14:00 AM
From: Larry Voyles	of 48

Sep 22 - Joseph Charles & Associates (who?) updated their "special situation" coverage: "Recent events coupled with significant stock purchases by insiders create an attractive speculation. We believe the stock is still very attractive." ... "It will offer consumers the ability to select songs by any artist from the major record companies and customize their own CD's. The CD's will be delivered the next day. Although a number of companies such as CDnow Inc. [Nasdaq:CDNW] and N2K Inc. [Nasdaq:NTKI] are trying to capitalize on this multi-billion dollar market, they are limited by both content and options available to the consumer. Led by the founder of Blockbuster Video, David Cook, we believe that CustomTracks is close to the content agreements with major record labels." ... After the sale of its last wireless business the company should have a solid balance sheet which is debt free with an additional $40 million in cash. We project it will have in excess $80 million in cash or $5.37 per share. Management is clearly excited about the future for CustomTracks. Five officers and directors have purchased more than 1.2 million shares of stock in the open market during the last six months. "At current prices the stock is trading at a discount to projected cash! We rate the stock a special situation buy and feel that the shares are both undervalued and timely." Will CUST be another hot internet play or yet another overhyped startup doomed die a quick death? I dunno. David Cook doesn't usually screw up, the stock is cheap and is selling for less than book value. I bought some just for the sheer hell of it.

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