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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: NYBellBoy who wrote (17465)3/5/1999 12:05:00 PM
From: R Fish  Read Replies (3) of 122087
 
Bellboy and Thread,
Take a look at PWCC. A $5.00 stock that has run up to over $23 (currently $17.00) due to a small amount of stock in FlashNet. Flashnet IPO's next week. Shares outstanding are 3.25 million. Small float though, 600,000. Earnings are -.69/share. For the 9 months ended 9/98 total income fell 43% to $2M. Net loss totalled $2M vs. and income of 1.2M (almost 700k is a gain on the sale of preferred shares and lower gains on assets sold are not included in this income figure of 1.2). This company provides senior secured loans to funeral & cemetery owners and acts as a small investment company.

This information is from Market Guide.
I would appreciate any thoughts on this as a potential short.

Thanks,
Fish
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