Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (40545)	7/7/1999 8:40:00 PM
From: Mongo2116	Read Replies (1) of 122087

JTWO (GARBAGE WITH SMALL FLOAT) Shareholders of Los Angeles-based J2 Communications (Nasdaq: JTWO), whose only major asset is the National Lampoon name, laughed all of the way to the bank today as the stock took off for a $7 7/8 gain to $15 3/8. President and CEO Jim Jimirro reportedly attributed the ramp-up to positive vibes about the company's future after investors Daniel Laikin and Paul Skjodt increased their stake in the firm to 21% from 9%. But that occurred two weeks ago, causing speculation that the rise was more than likely caused by day-traders with a severe case of the giggles. The company's $18.9 million market capitalization at the end of the day is no joke, however. With a fiscal 1999 revenue run rate of $1.3 million and an earnings run rate of $188,000, J2 is currently trading at 14 times expected sales and 100 times estimated earnings -- not bad for a company with only two full-time employees and a not-yet-operational "humor portal" to be launched at www.nationallampoon.com.

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