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Strategies & Market Trends : 50% Gains Investing

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To: jgideon who wrote (605)	3/9/1998 8:56:00 AM
From: Emec	Read Replies (1) of 118717

Let me fill you in a bit. I have followed RENT for 8 years. The estimate for next year by Stonegate assumed a) no Blockbuster, b) no Disney new plan and c) no new studios. The projected increase was based on their regular store % increase of 20% and UK deal. Stonegate's estimate for 3/99 assuming they do get additional studios (which by the way is a given, particularly Paramount) was $1.10. This number is out the window now. Blockbuster should easily add over $100 million in annual revenue. Disney's new plan could add an additional $50+ million annually. Stonegate should have revised estimates out this week. I would expect them to be in the range of $1.75 per share. I will let you know when I find out. Also, RENT is in NYC today and Tuesday and I expect coverage some some big boys. In Boston on Tuesday. I'm sure you know who is in Boston. As far as additional growth, RENT has barely scratched the surface. They still only account for about 20% of the rental market.

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