Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (25361)	2/20/1999 8:40:00 AM
From: Rick	Read Replies (1) of 120523

Jackpot Enterprises (J) has agreed to buyout CRC Holdings and Players International (subject to shareholder approval). The NEW Jackpot will have approximately 17.3 million shares outstanding once these deals are completed. EBITDA will approach $100 million. Revenues will go from $93 million to nearly $500 million. The current stock price is $8 9/16. Jackpot, in my opinion, is a truly undervalued stock. My price objective is $25-30 within 12-18 months. All opinions are appreciated.

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