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Microcap & Penny Stocks : STGA - Saratoga Brands - Company Split
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To: jr who wrote (89)10/3/1997 6:24:00 PM
From: Yo Yo   of 162
 
I don't know guys, I looked at this company about a year ago and
was frightened then. They are on weak financial ground right now
from a balance sheet point of view. Net tangible book value per share
is less than $.20 per share. So from a price/book value it's no
cheaper than the market. And they are bleeding cash from
operations.

They keep trying to buy success and diluting the company with more
shares, Then they go out and buy a bunch back, Geez! Then they
announce the car dealer acquisition TWICE and don't follow up with
an announcement when it fell through. And how about the failed
spinoff, there was another beauty.

The only thing you have left is the $.02 per share that they earned
in the second quarter to make you feel better. If they have truely
"Got religion" and are on the up-and-up, and they keep making money
that makes the stock worth a buck at best. (without more shares)

I think the rest of the world who are fortunate enough to not own the
stock don't have quite as much faith in the company's leadership as
current shareholders do. There are MANY less risky companies out
there.

I hope things work out well for you. I myself have owned my share of
"Saratoga Brand" stocks. Some came back, some are now wallpaper.

Good Luck
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