Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (14450)	11/3/2000 5:55:24 AM
From: Graeme Smith	Read Replies (1) of 18998

Your holiness, What are your thoughts on CRWN. Fundamentals of a i-nut company - recent spinoff, billion dollar market cap, minimal revenue (<50M in 9 months) and huge negative cash flow (-100M) with not a lot of cash still left in the bank (60M), lockup of insider shares just coming onto market. In reality it's an old world media stock, with 23% subscriber growth and 32% revenue growth off a smallish base. The one thing that I find strange is the fact the volume is very low. This means the price hasn't been bid up by an oversupply of buyers such as would happen with a P&D or story stock. Rather it is trading at the price that the occasional CRWN buyer or seller thinks is fair value. Is there something hidden that I am missing?

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