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Microcap & Penny Stocks : USBL (United States Basketball League)
USBL 0.2760.0%Jul 27 5:00 PM EST
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To: Steve L. who wrote ()11/5/1997 3:04:00 PM
From: Beermeister  Read Replies (1) of 146
 
United States Basketball League--(USBL) Extremely Undervalued situation. Hello everyone. I just wanted to give an updated comment about this stock. I feel this is one of the few genuine, fantastic low-cost stock investment opportunities available today. I recently acquired a position and plan to accumulate more as this company continues to grow. Here is the latest situation based on my due diligence study. The USBL is a growing, internationally known basketball league. It is America's only publicly traded sports league. 109 players have made it from the USBL into the NBA! From what I can tell the league is basically a showcase of talent at about the same status level as the farm teams in baseball. The league is currently based on the east coast but plans to expand to the west coast and will add 35 or more teams over the next few years. The teams are franchises that create revenue for the league at the cost of $300,000 per franchise, up from $100,000 a couple of years ago. Increased attendance and cable television deals will undeniably create more interest. A very small float of only 250,000 shares and the fact that management continues to acquire more (they already own 85%) is, in my opinion, indicative of what will come in the few months ahead. I urge everyone to take a look at very impressive financials and a savvy management team indeed. I believe they will soon post profitable earnings of .06 per share. If anyone knows anything else please post here. Lets try to bring press releases here also. I am really enthusiastic about this one. Take a look at their website and request a due diligence package at usbl.com
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