American Coin Mrch (AMCN)-High Growth Vehicle Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : American Coin Mrch (AMCN)-High Growth Vehicle

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jonathan Bulkeley who wrote (16)	11/11/1997 9:02:00 AM
From: Steve Stuart	Read Replies (1) of 68

I just ran across this thread, and am glad to see it. I've been in AMCN since August, and had planned to be a long-term holder. However, the recent secondary offering turned me off, and I sold my shares yesterday at 16 7/8. I like the company -- it's a nifty little business and I expect they will continue to grow (although not as quickly as they have been). But I can't see much upside to the recent offering. I don't mind that management is selling some of their shares, even though that often happens near a top. But I am not happy about the 20% dilution from brand new shares. The new cash is nice, but I don't see it buying enough earnings to make the offering worthwhile. At least from my point of view. I will continue to keep an eye on the company, and will be happy to buy back in if management proves me wrong. -Steve Stuart

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next