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CAOL's ISP provider is icing on the company's cake. It is focusing right now on its lottery operations which I don't believe is AOL's focus. This company is such a no-brainer in an intermediate time frame, it doesn't need to be pumped. Do you have any idea what China.com will be valued at compared to CAOL? The key is not to compare companies, but to look at each one individually and ask yourself whether or not it is valued appropriately. Perhaps CAOL should not be valued as highly as china.com after the latter IPOs, but does that mean it should be valued at $4MM. Each kiosk has been estimated to produce $9,000 in annualized net income for the company. Does this sound aggressive to you? And the kiosks are being acquire now! There is no holdup. Government approved. Company already has funds for the purchases. It will happen. Just a matter of time to set the kiosks up. About 8 a month by the company's estimates, beginning with 3 in June. That is $72,000 a month (after 27,000 in June)in annualized net income. Multiply that by 6 just for a 1999 estimate. $432,000 + $27,000 for June = $459,000. That's net income, not revenues. Meaning the company is trading at only 10X 1999 annualized net income. And, oh by the way, these #s could prove extremely conservative, there will be another 150 kiosks to come in the year 2000, and then the ISP service to boot. I never worry about my money here no matter where the idiot traders take the stock. This one's a lock and I would love to compare the appreciation of CAOL to china.com at the end of the year with you. Just remind me. I might be drunk that night. |
