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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: pz who wrote (13772)	3/21/1998 4:59:00 PM
From: Ron McKinnon	Read Replies (2) of 53068

Paul BTJ >>>Also, MIND's takeover of Custom Products is completed and Customs revenue is as was projected BTJ just bought them, right? >>>I heard absolutely nothing negative at all from BTJ and am impressed with this little company. It's a well run company with great growth and no debt Agree with all except no debt They took out a bank loan to fund part of the Custom acquisition before that they had a bit over $4mm in cash, but paid custom almost $5mm, thus the need for the $3.5mm line of credit I'm not sure why they bought Custom; a different line of business etc Looking at Custom they had sales of $3.3mm and a small loss due to officers salaries of $1.3mm Very possible that if BTJ is not taking on these excessive salaries that they can run Custom at a profit that will justify a price of 3x's sales and 8x's net worth I like what I see on BTJ a lot but this Custom thing is worth looking into some more Also, BTJ has a huge NOL (I assume from losses in development years)so may not have to pay taxes for a long time Anyway, this one is interesting. If you get any more answers from them please post

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