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Microcap & Penny Stocks : BEACHPORT ENTERTAINMENT CORP (BPRT)

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To: Peter Smith who wrote (5)8/11/1997 4:28:00 AM
From: Tom Tepper   of 19
 
I believe Peter Smith's analysis is correct.
I own some stock in JB Oxford [JBOH] a discount brokerage firm, current price about $1 1/2. As part of a legal settlement, JBOH gave some money to BPRT, and purchased about $1.1 million dollars of stock in BPRT. I thus did some research on BPRT. My conclusion is BPRT is overpriced. I expect the price to decrease by about 50%. This is based upon their recent rate of return (earnings [losses]) on their assets, and the amount of new investable assets, and a reasonably optimistic rate of return on their assets. I wish I could be more optimistic about the price of BPRT, since I would like JBOH to earn a profit on their investment in BPRT - but this is not my expectation.
I believe JBOH is a better short and long term investment than BPRT.
For details about the JBOH purcase of stock in BPRT, enter JBOH or BPRT in Yahoo Quotes.
Good luck to all,
Tom
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