Cable Car Beverage (DRNK) Message Board

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Non-Tech : Cable Car Beverage (DRNK)

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To: MKEL who wrote (106)	6/2/1997 4:32:00 PM
From: Howard Schellenberg	of 284

There are some rumors circulating that Coke/Pepsi is looking at several small drink manufacturers; DRNK was mentioned as one of the possibilities. However, I agree with Steve's analysis and think the stock is a buy on it's own merit. The P/E is very reasonable and the new markets/products look like a winner. This also isn't one of those "hyped" companies. They have been around for a while. I got in first at 1.75 after reading about it and have been buying a few shares here and there ever since. I agree that $6.50-7.50 would be a good fair value for the stock right now. If the rumors turn out to be true, you might see much more than that soon. Good luck to all.

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