I am playing PLCO through MMCI, also:
To: +Kimberly Lee (27848 )
From: +JD
Monday, Nov 15 1999 3:32PM ET
Reply # of 30028
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 |
