Networks North, Inc. (NETN)
By Daniel Miller
Business Financial Network Columnist
Email: dm14trader@hotmail.com
Visit his web site at: angelfire.com
February 11, 1999
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Networks North, Inc. (NETN)
NASDAQ SMALL CAP: NETN
52 WEEK HIGH: 5.375
52 WEEK LOW: 1.125
CURRENT PRICE: 3
BOOK VALUE: 2.86
PRICE/EARNINGS: 21.11
EARNINGS: .15
PRICE/SALES: .93
SHARES OUTSTANDING: 2.62M
FLOAT: 1.5M
AVERAGE VOLUME: 62,000
TODAY'S VOLUME: 82,200
GENERAL DESCRIPTION:
Business summary (Yahoo) - Networks North, Inc. is engaged in the delivery of interactive video programming to customer sites, the rental and sale of equipment used in the reception of broadcast services, maintenance services and event programming for corporate clients. For the three months ended 11/30/98, total revenues fell 3% to C$3.6 million. Net income fell 7% to C$191 thousand. Results reflect a weakened worldwide market for CD-ROMs and increased depreciation and amortization.
DETAILS:
Networks North, Inc. currently run by Peter Rona has some an excellent future ability. They have 101 great officers working for this company. NETN opened up in about mid-Jan. 1995. at a price of about 6 3/4. The price increased to about 10 shortly after. In the past year and a half or so we have seen it fall down to a low of about 1 5/8.
This stock has some great potential but just has not been looked at that much. The reason for that I do not know. I do know, however, that they have released 23 consecutive quarters of profits. The next one will be their 24th. When their last earnings were reported during November this stock went up nicely from 1 1/2 to 3. The news releases have been quiet recently but they have just opened them back up and are planning some excellent news releases within the next few weeks. We saw a small taste of what kind of news we should be looking at in the next few weeks, today. I would believe that they will soon try to bring their stock price up to somewhere that it deserves. A stock with earnings like they have should be under 5. They have .14 compared to YHOO's (now at 150 post split) earnings of .11 and AMZN's (now at 100 post split) -.84.
I am hoping to see this stock at above 7 very soon. Do your own research of course. You can direct your calls to public relations at 1-888-253-2542 and mention that Daniel Miller directed you to NETN. Public relations will fill you in on NETN's future expectations for the company. I hope you like the stock, and that we all make money.
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