Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (6360)	1/26/1999 12:47:00 AM
From: Cube	Read Replies (2) of 18998

Mr. Pink, For your consideration, AAHS. Children's broadcasting Co. Started out as a radio network for children's programming. Went into a joint venture with Disney, then Disney stole their format and started their own radio networks for kids. AAHS sued Disney, then sold all their stations for about 75 million. They won their suit against Disney for an additional 20 million. Last week the judge performed a rather rare legal procedure call a "judgement notwithstanding of verdict" and reversed the jury's decision and the jury's 20 million award. This has sent the stock to 2 1/2. When you tally the cash they have received from selling all their assets, subtract debt then divide by the shares outstanding, you get about $5 per share. The CEO, Christopher Dahl is an absolute moron who could not find success in a female prison with a handfull of pardons. He wants to use the cash to fund a new venture into advertising, but my opinion is that the board will succumb to the stockholders pressure and distribute the cash and close the doors. I found it compelling, so I have begun to accumulate. Finally, I have something to share!! Cube

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