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Non-Tech : DMRK- Damark International- The Next One?
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To: RoseCampion who wrote (74)9/28/1999 10:14:00 AM
From: RoseCampion  Read Replies (1) of 83
 
Just a once-monthly update...<g>

There's been considerable discussion on the Yahoo DMRK board for the past month due to the 40%+ rise in the stock's value since early August on no, zero, nada substantive news from the company. Speculation (somewhat corroborated by viewing Level 2 quotes) that there's a 'mystery buyer' who is taking any and all shares available, but doing so slowly so as not to send the price up quickly. The company still doing share buybacks? An outside firm (e-commerce?) trying to build an equity stake? Anticipation by institutions of a runup related to Damarks (sadly underpublicized) E-commerce efforts?

The stock is still fairly thinly traded (~45,000 shares/day); at 10 and change it's still only going for 1.9x book value and .20x trailing sales. The float is very low (perhaps as little as 1.5M shares or less) and the entire market cap still only about $60M. There's a potential for a moonshot here if it was seen to be an Internet play or potential takeover target (for its distribution facilities, to name one attractive asset).

If you're interested, view the last couple dozen messages on the Yahoo DMRK thread (it's remarkably free from hype and spam). I'd be interested in anyone else's perspective on this on.

~Rose~
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