*AV*---look what popped up on my screen thise morning, a flash from our past. However, it is finally trading and at a record high, I guess.
"The company is the only professional pro sports league that is publicly traded. The United States Basketball League (USBL) has 12 teams and competes in the east and southeast U.S. during the summer. They have had many players "graduate" to the NBA including Mugsy Bowes, Manute Bol, and others. The stock is currently trading at just $2.50 - $2.68 and get this...there only 200,000 shares in the float! It set a new 52 week high this week, however A.H. Myerson of New York recently did a research report on the USBL and determined that its true value is between $5 - $6 a share. The league is a minor league system affording basketball fans to see up and comer stars at affordable prices. In addition, the league has been around 13 years, has had the same management, and more than ever they are committed to
promoting the stock (which is something they haven't done before in
any great length). I'm sure many are familiar with the CBA
(Continental Basketball Association) in the midwest. The CBA has had
many management changes, and they are not publicly traded. In
addition, the USBL is going to expand to up to 40 teams with
divisions in the midwest & western U.S. Watch for news about this
tomorrow. They have a good web site for more information, and I
encourage all to visit it at www.usbl.com The USBL is 67% owned
by Meisenheimer Capital which is also traded on the bulletin board
(MEIS) at just .50 a share. This is also a good, cost effective way
to play the growth of this league. Big advertising efforts are
coming soon in Investors Business Daily, Individual Investor, and the
Bull & Bear. I am also contacting all shareholder to inform them of
the upcoming promotional campaign which should lead to even more
buying. They have quite an informative PR package to send to
investors, and if anyone wants one, give me a call at (800)749-0114.
I am still waiting for my investor package and wonder why anyone would be interested in a company with a 200,000 float. Half a million and change and you own the float. That and Meyerson doing the research stating it will be a $6-8 dstock. Deja Vu all over again.
Andrew |
