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Non-Tech : RAINFOREST CAFE

RAIN 2.930

-3.9%

Jan 23 9:30 AM EST

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To: Dennis Vail who wrote (89)	7/2/1996 1:06:00 AM
From: Jack L. Dlugach	of 4704

CPX is a big old Canadian company, used to be called Odeon Theatres a long time ago. It's been spending a lot of money upgrading its movie houses so hasn't posted a profit in some time. Revenues last year were between 500 and 600 million. Seagram Corporation bought the biggest block of stock, and the Bronfman family bought the second biggest block. CPX is currently upgrading and expanding its theatre complexes and also building more theatres, but the big gun is the Cinescapes that they're building: they're supposed to make even the Navy Pier Imax deal look like peanuts. Last I checked, the price target is 7, but that's just an opinion of some of the anaylysts who follow it. At any rate, under 2...I'd say you can't lose. Anyway, you guys are sitting on a fortune with this RAIN stock so you can afford to take a little chance. It's just my opinion but I've owned CPX for a couple of years (bought at 2, sold at 4 1/4, bought back at 1 1/4) and I feel pretty strongly that this is a decent investment and not too speculative. If you're interested in it, send for the Annual and check it out thoroughly. I think you'll agree that this is a pretty cheap stock.

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