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To: John Carswell who wrote (15)12/26/1996 8:24:00 AM
From: Peter Longerich   of 36
 
John,

In my opinion, Individual Investor is the best investment publication around and may be worth looking at as an investment.

It's magazine (Individual Investor) continues to gain market share and has increase paid circulation by 83% from 1 year ago to 340,000. Look for 400,000 by year end. Publishing operations should become profitable in 1997 as advertising rates increase in response to increased circulation.

The hidden value lies in the Wisdomtree subsidiary which manages hedge funds and is an advisor to several unit trusts. Hedge Fund assets under management has exploded from 4.5MM at year end 94 to 45MM at year end 95 to 75MM a mid year 96. The hedge fund gets a 20% profit allocation and 1% fee on assets under management.

INDI is currently beta testing their interactive web site. This initiative will also go live in 97.

INDI currently sells for about $7 per share. They seem to be in several promising areas and could that could grow tremendously for years to come.

I'm looking for $20/ share next year, and continued growth going forward.

What do you think?

Pete
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