Schneider Securities Initiates Coverage With 'Buy' Rating On Orlando Predators Entertainment, Inc.
Author/s:
Issue: Nov 1, 2000
ORLANDO, Fla., Nov. 1 /PRNewswire/ --
(Bloomberg Data) Schneider Securities initiated coverage on the Orlando Predators Entertainment, Inc. (Nasdaq: PRED) (OPE) with a "buy" recommendation by analyst Stephen E. Stark. The 12-month price target is $5-5.50 per share.
OPE owns and operates the Orlando Predators, and also has an additional 8 percent equity interest* in the Arena Football League. The Company also owns a telemarketing division that specializes in season ticket sales for other professional sports franchises.
*As an equal partner, the Predators own one share or roughly 4% of the Arena Football League. OPE acquired an additional two shares (roughly 8%) from the AFL in 1998. The actual percentage of the AFL ownership could be diluted by other factors, such as the admittance of additional expansion teams or the exercise of the NFL option to purchase 49.9% of the AFL.
Except for the historical information contained herein, certain matters set forth in this release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Prospective investors should read the following information in conjunction with the Company's audited financial statements and should carefully consider such information as well as other information contained in this release before making an investment in the Company's securities. Information contained herein contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "should" or "anticipates" or the negative thereof or other variations heron or comparable terminology, or by discussions of strategy. No assurance can be given that the future results covered by the forward-looking statements will be achieved. Many factors (including intense competition from other professional sports teams in the Orlando area, possible need for additional capital, the Company's business concentration, risks associated with the Orlando Arena lease, dependence on key personnel, competitive success of the Predators, possible increase in players' salaries, risk of players' injuries, player labor relations, risks associated with AFL membership and uncertainties regarding game attendance and broadcast contracts) could also cause actual results to vary materially for the future results covered in such forward-looking statements.
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