ALHY = Total assets of $11,791,000, right?...ALHY has a market cap of $75,850,000...Who in their right mind would even pay $4.00 a share for this company
ALHY - ALPHA HOSPITALITY
Exchange: Nasdaq SC
Delay: at least 15 minutes
Last Price: 4 7/16 at 15:59 EDT
Change: Up 3/16 (+4.41%)
High: 4 9/16
Low: 4 1/16 at 11:00 EDT
Open: 4 7/16
Previous Close: 4 1/4 on 5/11
Volume: 116,500
30-Day Avg. Volume: 183,000
Shares Outstanding: 17,093,000
Market Cap.: 75,850,188
52-Week High: 9 3/4
52-Week Low: 1 1/4
Beta: 1.77
EPS: -0.32
Currency Units: US Dollar
Confirm all data with your broker or financial advisor before trading.
Data by: S&P ComStock
Alpha Hospitality Reports First Quarter Results
NEW YORK--(BUSINESS WIRE)--May 10, 2000--Alpha Hospitality Corporation (NASDAQ - ALHY; BSE - ALH; WARRANTS: OTCBB - ALHYW; BSE - ALHW) (the "Company"), which is operating as a holding company and a vehicle to effect acquisitions, today reported results for the quarter ended March 31, 2000.
The results reflect the general and administrative expenses related to the pursuit of potential new business opportunities.
ALPHA HOSPITALITY CORPORATION AND SUBSIDIARIES
Summary Balance Sheet Data
March 31, 2000
(in thousands)
Cash $ 4,566
Total current assets 4,853
Net property and equipment 4,968
Other assets 1,970
----------
Total asset $ 11,791
=========
Total current liabilities $ 3,788
Total long-term liabilities 1,687
Total shareholders' equity 6,316
----------
Total liabilities and equity $ 11,791
=========
ALPHA HOSPITALITY CORPORATION AND SUBSIDIARIES
Summary Consolidated Statements of Operations
(in thousands, except per share data)
Quarter Ended
March 31
2000 1999
----------------------------
Revenues $ 36 $ 43
Costs and expenses (165) (538)
----------- -----------
Net Loss (129) (495)
=========== ===========
Net loss per share,
Common and diluted $ (.01) $ (.03)
=========== ===========
To the extent the content of this press release includes forward-looking statements, they involve risks and uncertainties that are described from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act of 1994, and as such, speak only as of the date made.
This release, and prior releases are available on the KCSA Public Relations Worldwide Website at www.kcsa.com
CONTACT:
Alpha Hospitality Corp.
Thomas W. Aro, Executive Vice President
(212) 750-3500
-or-
CSA Contact:
Leslie A. Schupak/Joseph A. Mansi
(212) 896-1207/1205
KEYWORD: NEW YORK
BW1734 MAY 10,2000
15:07 PACIFIC
18:07 EASTERN |
