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Strategies & Market Trends : Value Investing

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To: FIFO_kid2 who wrote (4522)	7/29/1998 2:42:00 PM
From: Andrew	Read Replies (1) of 78715

reading entertainment (O-RDGE) is near NET cash per share such that owner gets 2nd largest movie theater chain in puerto rico, the angelika film center (NYC and Houston), mega and multi-plexes in australia and over $60 million of NOL for basically nothing. Cheaper way to play RDGE (and currently getting RDGE AT cash/share) is Craig Corp (N-CRG) and its common preference stock (N-CRG.pr); where you get about $0.50/crg share of Citadel holdings (A-CDL) and between .9 to 1.0 shares of RDGE per CRG chare. you'll have to read 10-K's, etc as company is limited in discussion with investors but(or shall I say and) has been buying its pieces up (CRG bought 7% of CDL in open market few months ago). Note this value play has been around for awhile and has narrowed its deep discount as the company is getting closer to redeploying its cash into more theaters in selected niche markets.

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