Dear Candle stick: WOW! I just stumbled across this thread today by pure accident; I can't believe it's taken me this long! BTW, I know you from the APCC thread. (Sorry, but I traded out of APCC just before the recent unpleasantness. And can you believe it: thanks to the IRS wanting me to cough up more $$ last month, I actually made $$ selling the June 22 1/2 Puts and then buying them back just BEFORE the dip. Of course, the folks who must really be swaggering are the ones that sold and bought back the 17 1/2s AFTER it took the dive!)
Anyhow, I think I have information that will answer some of the questions posted here, including the big one of how screens are valued. The only thing is that you'll have to be patient with me, as I'm so busy with several projects ranging from 16-25 screens each that I don't have the time right now to go into the necessary detail. However, suffice it to say that I consider Cinemastar, the developers they use, and the product they produce to be a class act, and when I learned they were trading for around a buck I jumped in, not caring whether, short term, we revisit half that.
When I get the time, I'll try to post something "for the good of the order" on the current Pacific/SW multi-screen cinema scene and valuation issues.
Canoga Slim |
