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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (4670)	12/10/1998 2:32:00 PM
From: Andrew	Read Replies (2) of 78743

Reading Entertainment (O-RDGE) the op co of Craig Corp (N-CRG) agreed to acquire 22 screens to add to its angelika presence in NYC giving it pretty good base in manhattan and putting rdge operating screen count well over 100 screens with another 50-100 under development/construction. Once closed this deal should put rdge for first time into the black on an operating basis. In the past RDGE had profits from interest/dividend income from its hoard of cash. Much of the cash still remains and RDGE is selling for not much more than net cash/share. Maybe with this deal rdge doesn't sell on asset basis and can get operating multiple and initial coverage. When a company moves from value to growth is when we have experienced our largest value style returns. How about you?? The full release can be found at biz.yahoo.com sorry, never got to look at cswc for you - how did it do?

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