Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (22021)	4/6/2000 9:32:00 AM
From: Gator	Read Replies (1) of 25711

As expected, ECMV reported very strong same-store sales this morning for their wholly owned Perfumania stores. Same store sales up 19% over last year. biz.yahoo.com IPO announcement will be coming soon regarding spin-off of stores. ECMV still holding 2 million EDV shares (formerly Perfumania.com, which they spun off), which is currently trading at $70. ECMV has about 10 million shares outstanding, do the math. Cash/Cash Equivalent per share about triple what ECMV is currently trading at. Lots more cash coming when they spin off the brick and mortar Perfumania stores. They also own 11% of SGDE. This is a unique opportunity, the market will eventually catch on. Dog and pony show and PR blitz starting soon. Gator

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