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Microcap & Penny Stocks : CustomTracks Corporation (NASDAQ:CUST)
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To: John S. Baker who wrote (9)11/10/1998 8:43:00 AM
From: jmt   of 48
 
John:

Looks like a good find. And the idea looks interesting. The NI in the last quarter was likely from interest income and business being divested. The $41M price is subject to further audit and negotiation, but one would think the initial DD was decent, and the price should not drop more than 5 to 10%. The largest question is what kind of startup costs will the new venture incur, including capital expenditures, marketing, lincensing and royalties, inventory, etc. Tough to think more than $10M, which would make this a great play. Hope it doesn't gap to much at the open. Management seems good at getting top dollar for divestures. But quite a change in strategic direction.

jmt
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