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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (70829)11/11/2000 9:26:45 AM
From: myturn   of 150070
 
I pulled this off of the RB thread.

:DISCLAIMER: AS ALWAYS, THIS IS NO BUY OR SELL RECO ON WEIR.
DO YOUR OWN DD, CALL THE COMPANY AN READ THE SEC FILINGS.

CHEERS

RG

ragingbull.altavista.com

By: Spector_2OOO
Reply To: 385 by Spector_2OOO Saturday, 11 Nov 2000 at 3:43 AM EST
Post # of 386


WEIR: The quiet before the storm.

All waits for disposiyion of reorganization plan and the approval of a $35 million revolving credit for new start-up--I think this will be a great year for Weiner Stores.

Here's how I see WEIR coming out of debt reorganization:

*Retain 97 remodeled stores
*Retain 2500 employees
*Creditors satisfied/debts lowered
*Better margins from restructure
*Holiday season a boom for profits
*New completed lines of merchandise
*Low float and outstanding shares
*$35 million revolving credit line
*Renewed investor interest
*Revenues filed in early December
*Clean slate sales after dumping trash

Not too shabby for 5 cents--This is a company in business since 1926 and showing 240+million in revenues.

(My target here, $1.50-$2.00 inside 4 months.)

Make your own decisions always.
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