Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: garz who wrote (55620)	2/14/1999 1:04:00 PM
From: Mr. Park	Read Replies (2) of 119973

This is a co with mkt cap of 320-350 million. They have 750 million of back orders. SCTC has hurt many fund managers with its decline from 50-60 to the 9 1/2 it is now. They got burnt last year and they will put pressure on SCTC to increase shareholder value. Since the new fiscal year began...the 65-70% of institutional holders should be very happy SCTC is now so low. It gives a bright opp for SCTC to go up and make their funds look better. A look at fundamental will show this co is the same as it was when it was 40-50s. Rev growth is excellent but earnings are slow. However, in 2000 earnings is projected at 46+% growth....From a takeover point of view...Buying SCTC pays for itself because of the back log of orders and existing business.....337 million cap..An offer at $18 drives cap to around 700 million which is still less than the backlog orders. The co also has 78.3 million in cash. Thus one could buy SCTC for around 620 million. The large amount of shares are in the float. All the suitor has to do is go talk to the 65-75% institutional holders and buy. A fund manager would be happy to lock in the 100% return. IMHO IcyGual

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