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

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To: Joe Copia who wrote (23264)8/21/2000 6:59:15 PM
From: Just4Fun  Read Replies (1) of 25711
 
Joe, Trying to see what's to like about FDKP. What is this article leaving out?

Finders Keepers Plunges 55%, Reports 2nd-Qtr Earnings of $4,424
8/14/00 11:51:00 AM
Source: Bloomberg News
URL: cnetinvestor.com

New York, Aug. 14 (Bloomberg) -- Shares of Finders Keepers Inc., which searches for lost bank accounts from an office in its chief executive's Brooklyn condominium, fell as much as
53 percent as it reported second quarter earnings of $4,424.

The stock fell 7.4 cents to 10.6 cents in mid-afternoon trading of 1.6 million shares. They dropped as low as 3/32. On July 19, they reached their all-time high of 37.5 cents.

The company's 80.9 million shares have a market value of more than $8 million. The shares split seven for one earlier this month.

Finders Keepers received fees of $36,388 during the second quarter, as its share of $126,516 collected for clients.

Total assets on June 30 were $3,451.

The company operates www.moneychest.com, a Web Site that charges consumers $9.95 to search for missing assets. The charge is credited toward the company's 5 percent to 15
percent share of any money recovered.

The company's sole officer and director is Devorah Zirkind.
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