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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote (27847)11/15/1999 3:33:00 PM
From: JD  Read Replies (1) of 108040
 
Another way to play "Play Co." (PLCOP, PLCO):

MMCI... From the most recent 10Q"
"The Company owns a majority interest, 78.5%, in United Textiles, which in turn owns a controlling interest, 44.9%, in Play Co. Through its ownership of United Textiles, which still is considered to have a controlling influence over Play Co., the
Company also effectively maintains control over Play Co."

PLCO & PLCOP = Mkt Cap of $10.3 mil.
MMCI has a Mkt Cap of $938,000
MMCI has cash of $0.59 per share, $37+ mil. in '99 sales, EPS '99 = -0.12, float = 1 mil.
The last time traders associated this with a PLCO run, it hit a high of $1.81 (March '99).

This is a speculative BB high risk-reward proposition.
Please do your own DD, not a recommendation to buy.

Jerry
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