Rande Is. . .FISHING. . [under $1.50] Message Board

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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]

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To: Bucky Katt who wrote (2668)	9/9/1999 7:44:00 PM
From: J.S.	Read Replies (1) of 4766

STGA(Saratoga Brands) I can't believe you guys are not all over this one. Little or no downside with e-commerce twist. NASDAQ small cap turn around story. Now trading at all time low. Hit $.25/share today (third time in the last few days it has bounced off that number). Only $5 Million shares float about $4 Million. Book Value of $.75 about $.50/share tangible...land, buildings, equipment etc. e.g. own a building worth $1.2 Million with outstanding mortgage of $700,000. Intangible assets mainly consist of delivery routes for catering business. They also have a factoring agreement with lender.. so working capital is not a problem. made $.02 each of the last two quarters which translates to a P/E of about 3. Price per sales is a ridiculously low .10 (ASSUMING PRICE ABOUT $.25) Price has dropped on fears of reverse split or delisting ..nothing tangible as far as I can tell. Management is projecting better margins and sees great promise for web site. BTW, BIPL looks great too. More later, Joe

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