I have decided to share my thought's on USBL and why I am so hot on this stock. Many shy away from Sport's stocks but this is not an average sport stock but a Basketball Franchise that as of today has been proven to be a success. To me this is a bottom root opportunity almost like a mini McDonalds, and the key is low total shares (3.4 Million) and float. 80% of USBL stock is held by insiders which by itself tells allot about the Company;
The USBL is approx. 12 years old, during this time period 109 Players have gone on to NBA Rosters. The USBL has been accepted as a professional Sports league nationally as well as internationally. Also the USBL has had more interest from Corporate sponsors because a continued growth in game attendance, which in turn has fired increasing interest from television networks (cable). It's team values have increased in value, current growth is approx; 30% per year. Also the USBL is not limited to just this country, they have contacts in all levels of Basketball and media (NBA, Europe, South America, Korea ect...)
The USBL has twenty Logo licence opportunities and are expanding every year.
Currently the USBL are offering expansion teams for 300,000, that price is just for a startup and does not include the capital required to operate the team, additional funds to properly capitalize a USBL team would require an additional 200,000. So in effect each existing team would be valued at 500,000 not taking into consideration the teams worth based on it's name recognition over the years which would carry some weight.
If one were to try to start a league like the USBL from scratch it would take 40 to 50 Million dollars and that doesn't include what the USBL is worth based on name recognition alone remember they have been around for approx; 12 years also remember there is only a total of 3.4 Million shares and at the current level of 2.12 per share anyone can see the stock is grossly undervalued. Also remember 80% are held by insiders and with a float of only approx; 250,000 the stock is poised for an explosive upward potential when the league starts to become recognized by potential investors. For myself the USBL has already proven itself, there is more and more interest on acquiring teams and they even have set up a west coast division which should be in operation by 1999. As per the following;United States Basketball League Retains Services of Rudy LaRusso to Act as Expansion Coordinator for USBL's Pacific Coast Division. Also the USBL is the ONLY PUBLICALLY TRADED SPORT'S LEAGUE. This unique approach allows players, former players, team owners , sponsors, and most importantly the fans to own a piece of the league and share in the growth. Currently there are twelve teams and after talking to management at USBL they are looking to increase the teams to 60 across the country again remember only 3.4 Million total shares! The USBL is today were minor league baseball was 10 years ago, when AA teams sold for 300,000 to 500,000 compared to 5 Million today and over 10 Million for AAA teams. As the USBL expands and builds it's identity with players , fans, and the media franchise fees should increase from the current 300,000 to 500,000 or possibly 1,000,000 in the next few years. Fans today are discouraged by attending major league sporting events for the mere fact of what a ticket cost's in comparison to a USBL ticket which is 20.00. Attendance to USBL games has increased every year to the current level of over 1,000,000.
Fans today want value not only in ticket prices but concessions and merchandise. Add the benefit of having local teams, no need for an hour drive to a game, and free parking.
Currently plans call for six divisions with eight teams in each division. A growth rate of 50% or more should be achieved for at least the next 5 years and probably much longer. Competition in the form of Movies or Baseball has not affected the USBL in it's first 12 years and now with more marketing dollars, the USBL can gain more of a market share in every city.
Know let me get to the nitty gritty here;
The teams are set up in small cities which I feel is ingenious.
Many of these cities do not have there own team let alone a place to watch a semi professional Basketball Game, that is what I feel is the catalyst for the success currently of the USBL. The larger cities offer much in the way of sport's but what do people in the smaller cities do? I feel very strongly that in the very near future the NBA and USBL will be working hand in hand with each other put that in conjunction with TV air time and Corporate sponsors and advertising and 3.4 Million in total shares with 80% held by insiders and what do you have? To me it reads of forward splits as the price increases accordingly.
Below are the current teams and USBL headquarters;
USBL HEADQUARTERS
46 Quirk Road
Milford Ct 06460
203-877-9508
203-878-8109 FAX
Daniel T. Meisenheimer, III Commissioner
Richard Meisenheimer Vice-President
Lynn Casa, Director of Administration
Sean Fisher, Director of Public Relations
Ed Krinsky Director of Operations
Wally Rooney Supervisor of Referees
TEAMS AS FOLLOWS;
ATLANTA TROJANS
P.O. BOX 82915
Hapeville, GA 30354
404-763-3579
404-768-6171 FAX
Harold Zinsenheim President
Al Outlaw, General Manager/Head Coach
Kim Alford, Administative Assistant
Arena; Banncker H.S.
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ATLANTIC CITY SEAGULLS
950 TILTON ROAD
#103
NORTHFIELD NJ 08225
609-407-0303
609-407-0202 FAX
PAUL LIPSCHUTZ PRESIDENT
MIKE GATLEY HEAD COACH
ARENA; HIGH SCHOOL SPORTS COMPLEX
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CAROLINA CARDINALS
3516 VEST MILL ROAD
WINSTON-SALEM NC 27103
910-659-9077
910-659-9288 FAX
E.E. WOODY ERDMAN CHAIRMAN
CLYDE AUSTIN, VICE PRESIDENT/ HEAD COACH
ARENA; LJVM COLISEUM ANNEX
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CONNECTICUT SKYHAWKS
P.O. BOX 3156
MILFORD CT 06460
203-874-2055
203-878-5123 FAX
TERRY MUNK PRESIDENT
PAT LENEHAN ASSISTANT GENERAL MANAGER
PAUL MOKESKI HEAD COACH
ARENA; JAMES L. RITCHETELLI GYMNASIUM
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FLORIDA SHARKS
P.O. BOX 39042
SARASOTA FL 34238
941-927-DUNK
941-925-2503 FAX
ANDY BADOLATO PRESIDENT
ERIC MUSSELMA HEAD COACH
ARENA; MANATEE CIVIC CENTER
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JACKSONVILLE BARRACUDAS
1243 ARLINGTON ROAD
SUITE 218
JACKSONVILLE FL 32211
904-725-5093 EXT. 257
904-720-0378 FAX
ARTIS GILMORE PRESIDENT
REX MORGAN GENERAL MANAGER/ HEAD COACH
ARENA; UNIVERSITY OF NORTH FLORIDA
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LONG ISLAND SURF
PRO HOOPS LONG ISLAND INC.
189 SOUTH STREET
OYSTER BAY NY 11771
516-922-4421
516-922-3231 FAX
HARRY ROSENBURG PRESIDENT
TAUNA VANDEWEGHE GENERAL MANAGER
CEDRIC MAXWELL HEAD COACH
ARENA; HOFSTRA UNIVERSITY
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NEW HAMPSHIRE THUNDER LOONS
1244 HOOKSETT ROAD
HOOKSETT NH 03106
603-668-4973
603-666-0350 FAX
MIKE COLE PRESIDENT
FRANK MONAHAN HEAD COACH
ARENA; NEW HAMPSHIRE COLLEGE
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PORTLAND MOUNTAIN CATS
P.O. BOX 15034
PORTLAND ME 04101
207-874-2723
207-828-8707 FAX
MARK MCCLURE PRESIDENT
KEVIN MACKEY HEAD COACH
ARENA; CUMBERLAND COUNTY CIVIC CENTER
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TAMPA BAY WINJAMMERS
1325 SNELL ISLES BLVD. NE
SUITE 204A
ST. PETERSBURG FL 33704
813-894-3350
813-894-3400 FAX
RICHARD AVIS PRESIDENT
JONARD SOLIE GENERAL MANAGER
BUTCH VAN BREDA KOLFF HEAD COACH
ARENA; BAYFRONT ARENA
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TREASURE COAST TROPICS
2440 SE FEDERAL HIGHWAY
SUITE U
STUART FL 34994
407-288-7468
407-288-7479 FAX
JOHN CLENDENIN PRESIDENT
STEVE SCHWARTZ GENERAL MANAGER
GERALD OLIVER HEAD COACH
ARENA; PORT ST. LUCIE H.S.
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