CLST - CellStar Corporation Message Board

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Technology Stocks : CLST - CellStar Corporation

CLST 15.27

-0.2%

Dec 12 9:30 AM EST

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To: Emile Vidrine who wrote (9)	6/30/1996 12:18:00 AM
From: cc rogers	of 641

HARRY: Have you ever bothered to read the financial notes in the CLST annual report???? I made money on CLST from $21 and sold at $28. May buy here....but purely as a momentum play. The fundamentals are creative. The company is 50% owned by Audiophone says one analyst, but I can't confirm. Says buy it and get CLST for free. In the financial footnotes: CLST forms subsidiary for all Asian business at cost of 44M. CLST puts up $22 and CEO puts up $22M. Well, not really. CEO puts up 1M in cash and pledges 21M in his CLST stock. Then (get this) CLST loans him 21M with 17.5 not necessarily repayable due to 'good will.' So, folks, he spins a little subsid, gets to cash in his stock where it wont show up on SEC schedule D forms, buries it in the 'notes' and lives happily ever after. Jim Ling would love this one! But to the shareholder....bend over, and enjoy.

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