People's Choice Tv Corp. (PCTV) Message Board

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Technology Stocks : People's Choice Tv Corp. (PCTV)

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To: Mark Oliver who wrote (48)	4/26/1997 9:14:00 AM
From: Alex Wulder	of 176

I think up and down movements of 50%/day and more can almost be expected with a share in this business and at this price. But something happened yesterday, since the volume was abnormally high. If you are looking at buying PCTV now, you must realize that they made a loss of $75 million in 1996 on revenues of some $33 million (...) on operations, and have some $100 million in cash left. That'd get them to '98 but not much beyond. I don't think any further financing for this company can possibly be expected. If they would stop doing what they are doing (and thus stop losing all that money), and invest their remaining capital in some even just marginally profitable business (say, treasury bonds), then perhaps the share would stay where it is now. Actually, it would probably go up quite a bit... Perhaps the most amusing fact of PCTV is that it was an Alex. Brown STRONG BUY, all the way down from the 20's to around $4. At that point they put it on HOLD... -Alex

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