Excerpt from CSFB report from Yahoo....
Also RTQ 12:02 Volume 680,000 Bid 30 1/4 ask 31.
That if VERY interesting spread.
STRONG BUY
SMALL CAP
BIG Flower Holdings, Inc.( BGF)
BGF's Internet investments could pay dividends with financial
and intellectual capital gains
Summary
Big Flower Holdings has expanded its internet investment
portfolio, and its value at 5.0 times our 2000 EBITDA estimate,
does not reflect the potential value of these investments.
BGF owns 1.8 million shares of 24/7 Media (TFSM), 737,864
shares of the MiningCo (expected to go public in third week
of March), and an undisclosed number of shares of WorldGate
(filed an S1), Andromedia, Inc and NuTel Corporation (both
private, start-up co's).
While all five investments could lead to substantial gains,
BGF has key personnel on 3 of the 5 boards and is leveraging
the knowledge these companies have of the Internet, direct
marketing and new technology.
Besides these strategic investments, its core operations are
running on all cylinders, and we expect strong results in the
quarter and year. We reiterate our Strong Buy rating.
We now know the 5 internet holdings......
I'm sure Mr. Ammon is just starting to unveil the strategy. |
