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Technology Stocks : TWMC: Trans World Entertainment Is Playing Catchup
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To: eric lerner who wrote (38)3/12/1999 8:58:00 AM
From: NBK  Read Replies (1) of 93
 
The company is in a quiet period due to its merger with camelot records(cmhda) the merger has taken longer to close then expected. Delay is supposedly with a backlog at the SEC???? Once the quiet period is over I believe the stock should move again, until then I would guess that the stock will continue to dwindle down. On the upside the company has the following going for it.

1. Very strong earnings just announced in late Feb $1.25 for past year, next years estimates $1.45 or so.
2. Strong cash position 115 mill or $3.5 per share.
3. Little or no debt - major competitor Music Land(mlg) has a lot of debt.
4. Camelot merger to be acreative without any cost savings will allow twmc/cmhda to have 1 billion + sales.
5. Both companies have sales interent sites.
6. Possible internet announcements

All of this makes me believe the stock should rise, but in this market brick and mortor store with earnings and solid financials seem to fall not rise.
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