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Microcap & Penny Stocks : ALANCO ENVIRONMENTAL: ALAN
ALAN 0.00Mar 8 4:00 PM EST

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To: GENE GERALD BOEHM who wrote (71)3/22/1997 8:27:00 AM
From: Timothy R. West   of 402
 
Gene,

I don't think this quarter's number matter too much, as long as its an improvement over last quarter. The bigger question is can they reach the longer term projections of having well over 10,000 units in place earning $3,000 per unit per year or approximately $1.00/share.

That's the reason I own this stock, for the $1.00 per share earnings from Sgt. Fry Guy. Throw 10 times earnings on the $1.00 and you can see $10/sh. ALAN at $1.38 will be the steal in hindsight. I only hope that Alanco's bloated overhead and their lust to be in the pollution control business doesn't put them in a far weaker financial position than they currently are. If Alanco was serious about making a return for their shareholders, then I would think they would focus solely on Sgt. Fry Guy.

Recall from Saturday Night Live the skit with Dan Akroyd and the late Gilda Radner: "It's a dessert topping.", "No, it's a floor wax."

You can see how ridiculous it is to be in such diverse businesses. I don't think most investors want to own a Waste Management/McDonalds combination. I think investors want a company that is focused on one business. I would also think that a company would be VERY INTERESTED in buying the Sgt. Fry Guy business from Alanco. I doubt Alanco would let go of its new cash cow, but I think other investors are seeing the value in Alanco at current prices.

My guess for eps: $0.04

My guess is worth exactly what you paid for it!

Good fortune to us all!

Tim West
8:36 am, Sat Mar 22
technicaltim.com
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