It appears this company has been around since 1988 so that would indicate it has a history of sorts.
There is more information at sec.gov then just search on TelVue. Lots there to read.
Share information:
# of Shareholders are 401
Shares Outstanding: As of 2/9/98 23,814,500
Mr. Lenfest owns 14,557,453
Float: 9,257,047
I am thinking that Mr. Lenfest's shares are not considered part of the float. That is the way I figured the above figures. His shares are common shares.
COMPETITION
The Company uses state-of-the-art, feature laden equipment for its automated pay-per-view order processing service. The Company has a strong reputation for offering customer friendly features and excellent customer service. In addition, the Company offers 24 hour customer service and reliability with near zero down time, particularly under heavy load during major special events. Although competition is strong from the Company's major competitors the Company is attracting significant numbers of new customers. The Company's aggressive marketing strategies and reputation allowed it to grow its full-time customer base by 19% to approximately 10.0 million full-time addressable homes and an additional 1.0 million part-time addressable homes in 1997, representing an increase of 2.6 million addressable homes. The Company plans to continue its marketing approach during 1998 and believes that strategy will provide continued growth in numbers of subscribers.
MEMO: Does anyone happen to know the Market Capital figures?
There are 18 Full Time Employees.
This sounds like it could have a future, lets all see what we can find to really do some extensive DD...
Dusty |
