OK, here's the deal. North Jersey/NYC is d----n' w.the price. Have fun. While I wait, I thought I'd throw out some digs on the NFL side of the business, since it was brought to light by Thursday's PR.
Expect Antonio Freeman to sign w/Green Bay by next week. Not sure if West Orange will issue a PR. PRs cost money, and WWES is obviously receiving no support in the stock market from whomever they've hired to support and market the stock. So what's the point.
Joel Segal reps Freeman too, so I'd guess there'd be a similar cut of the contract going to WWES. OJ gets $5M/year, WWES $100K, unknown amount to Mr. Segal. Guessing he gets 20%, leaves $80K for WWES or roughly a penny to the bottom line.
greenbaypressgazette.packersnews.com
Freeman will draw the same or better, so another penny to the bottom line. Of course that's not net, but I'll be optimistic and say their other divions can cover costs. So, w/a PE of 20 for FY99, I figger a $0.40 share price is reasonable.
So NYC, if ya take us below that, you're really criminal. And to anyone else who thinks I'm a little looney writing to myself here, look who's bothered to read all this... |
