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Microcap & Penny Stocks : CML group - large investors are in
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To: BostonView who wrote (77)10/5/1998 11:33:00 AM
From: Oscar  Read Replies (1) of 109
 
CML IR says it is "highly unlikely" earnings will be released today, but that they will be out "very shortly." She says Zach's listing of CML on its 10/5 schedule is "incorrect" and does not know where that information came from. As others here have indicated, delay from original 9/28 date for earnings is "administrative, arising from the need to bring new board members up to speed on this and on the strategic review." I asked anew if the strategic review would be released with earnings, and her answer was "Not necessarily."

I personally expect the review to have greater importance than the earnings report, and I am excited about the possibilities especially for the Smith & Hawken catalogue, which among other things is staking out a major apparel position. In addition to the Wisconsin investment and the continuing line of credit facility at BankBoston, I have heard recently of women's apparel manufacturing concerns extending new six figure lines of credit to Smith & Hawken. Between these facts and the fact that CML is obviously allowing the Nordic Track division to commit major dollars to a continued advertising campaign, I am relatively optimistic that CML can generate profits again for myself and other shareholders. Just my opinion, of course.

Oscar

PS -- Strange that this thread has been dormant the past 10 weeks, but I thought it might be helpful to anyone who checks here regularly if I posted these little bits of information that I have acquired. Good luck to all those who have rideen this one down, and to those who have sized it up recently as a strong value play and bought in at 75 cents and under.
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