Just recieved this from Wall Street West,
Says news on Wed. or Thurs.!!!!
And I paste:
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STOCK OF THE WEEK: JONES NAUGHTON ENTERTAINMENT IS POISED FOR A NICE RUNUP THIS
COMING WEEK
Jones Naughton Entertainment (OTC-BB-JNNE-.055). Jones Naughton Entertainment
is a diversified advertising, publishing, media buying, and information technology
business. JNNE has two operating entities: AMS, Inc. and Community Marquee.
AMS is an established Del Mar, California based multi media publisher and advertising
agency. AMS is best known for providing top-notch advertising and promotion
for a professional golf spectacular known as PGA Mercedes Championship. The
Company has serviced this event for the past ten years, providing marketing,
ad agency services, media guide production, promotions,
hospitality coordination and publication of the events award-winning PGA souvenir
program. AMS also publishes the Smart Shopper Savings Guide and the Entertainer
and Lifestyles magazine. These publications are well known and serve millions
of readers in the San Diego County area.
Community Marquee division operates audio visual information systems custom designed
to provide free, instant, site specific information to commercial businesses.
Current subscribers include US Army Recruitment Offices, Enterprise Rental Car,
Great Western Savings, National
University, Manpower Inc. (NYSE: MAN), Temporary Agency, Roundtable Pizza and
a host of independent businesses.
The number of shares outstanding is 40 million, with a float of 28 million.
The active float is much less, as much of it is believed to be in strong hands.
The average daily volume is about 300,000 shares per day. On Friday we saw
volume almost reach 2 million on no news. What we like about this stock has
to do with fundamentals. JNNE has a book value of .19 per share.
Everyone likes to buy something that can be bought for less than what it is worth.
The AMS division generates approximately $1 million in annual revenue. The Company
also has a lawsuit pending which if settled or won will have a major impact.
The suit has to do with the terms of a satellite television network that the
JNNE sold last year.
One of our sources tells us that a news story is expected out Wednesday or Thursday.
We don't know what this news is, but we always like to buy prior to news, as
many of these micro caps are driven by news. The fact that JNNE has drifted
so low is a major buying opportunity.
Our short term target for this one is at least .10 to .12 area, with a possible
thrust to the .19. area. If the float is as closely held as we are told, this
one could really move. We saw it start to move on Friday, when it opened in
the .04 area. We believe it will open at .06 Tuesday and climb higher throughout
the week. We know many of you have aready placed buy orders over the Internet
this weekend. We also believe that at least one other newsletter is expected
to recommend JNNE this week as well. We think JNNE will be the next Wall Street
West micro cap BIG GAINER. For more information about JNNE visit their website
at jnne.com. This will certainly be an interesting week.
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