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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Nietzsche who wrote (79819)	6/18/1999 9:56:00 AM
From: Frost Byte	Read Replies (1) of 119973

UBET - going from $14 to $45 by end of year according to ING Baring Furman Selz....STRONG BUY RATING GIVEN: RESEARCH ALERT-ING Baring starts Youbet.com CHICAGO, June 17 (Reuters) - ING Baring Furman Selz said Thursday it initiated coverage of Youbet.com Inc. (Nasdaq:UBET - news) with a strong buy rating and a year-end 1999 stock price target of $45. -- ING Baring says in a report Youbet is a ''front-runner'' in establishing a leading online brand for the global market of live event wagering. -- Says the company's business model ''captures complementary benefits -- market size, growth and profitability -- of the Internet, entertainment and gaming industries.'' -- Estimates the company's earnings before interest, taxes, depreciation and amortization (EBITDA) will be a loss of $20.8 million in 1999 but a profit of $3.7 million in 2000 and $46.7 million in 2001. The company had an EBITDA loss of $6.6 million in 1998.

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