>>RED CHIP REVIEW...expects trading within 14-18...next 12 mo...Target is 16.
Let's put this into perspective. Wedbush issues a BUY at ~$16/share in early October, of which all preceded substantial (PV) news and Red Chip comes up with this. Either Red Chip does not have a clue what they are talking about or TMSR (Wedbush, Cruttenden, Black, Aanderud, Koski, Cereghino, et al), simply blew it and is blowing it bigtime re: maximization of shareholder value, in our opinion. We do not see a third scenario as even remotely viable. To put it another way, Red Chip just made Wedbush look like fools. We subscribe to the first scenario. Additionally, if Red Chip's scenario plays out, TMSR will have no choice but to put themselves in play to maximize shareholder value. As of this minute, none of this makes sense (Red Chip Analyst report, Sunday Oregonian article, stock price...), whereas the facts do (Fujitsu, NASCAR Pro, T.E.N. NROS, Formula One, Millenium, Rage 3D, Forbes 200, INDIs Aug '97 AFGC/Sep '97 Mighty Mighty Microcaps, NYSE:CU Driver's Education '98, NYSE:CU WinNet, ThrustMaster Brand recognition...), in our opinion.
Current Forbes: Sports Top 40 (by salary/endorsements)
#1 Michael Jordan, Chicago Bulls, $78.4 million
#4 Michael Schumaker, Formula One, $35 million
#8 Dale Earnhardt, NASCAR, ?
#32 Jeff Gordon, NASCAR, $11.3 million
Accordingly?, it appears TMSRs Formula One may be selling through as strong as NASCAR Pro, hence, these two apparently unprecedented demanded wheels may possibly be responsible for a pending positive earnings/revenue Q4 '97, Q1 '98, Q2 '98...surprise(s)/upwards revisions [and given the above facts].
We also simply have placed and place no credibility in Red Chips's, Black's nor Cruttenden's analyst reports pursuant to ThrustMaster, to date. |
