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Microcap & Penny Stocks : STGA - Saratoga Brands - Company Split
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To: david rompf who wrote ()3/9/1997 11:31:00 AM
From: muffy   of 162
 
Hi David,

As you can see the flurry of news has begun. I think in the
next three weeks or so we will have much more news:
the spinoff, earnings, and more on the aquistions.

The Deli King will be spun off at a ratio of 1-5.
This means there will be 2,000,000 shares out with
a float of 800,00. The sales of Deli King have been
$8,000,000. with a profit of $1,000,000. or .50 per
spinoff share. Assuming a reasonable muliple of 10 that
equates to a share price of $5 or so. It would seem at
the current STGA price of $1.125 one could break even
with the spinoff stock alone.

I have heard the earnings will be exceptional for STGA.

State Street Boston and Kennedy Capitol Management have
both taken substantial positions in STGA, what that means
I don't know for sure but it is a good sign.

I have a feeling loyal STGA shareholders will come out
of this just fine.

I think a month from now STGA at current levels will seem
like a great bargain. I would not be a stretch to see STGA
back to it old highs of $5 when the Deli King stock is
figured in.

I good recent example is AETG one of Mark Schultz's recent
hypes went from $1 to $4 in no time when investors started
taking the current deal into account. Which involves some type
of stock deal with another company.

STGA is much more of a REAL company than AETG which isn,t even
a reporting company.

I will not post another thing for a month. Then I will be back
to face the music. I have been long on STGA for a long time
and I beleive loyal shareholders will finally participate
in a price increase instead of a price decline which has been
very frustrating to all of us.

Here's hoping.

Rick D.

One last footnote: I have also heard STGA will be announcing
many new names on the Board who have significant experience
in the Automobile business. The names will be well known to
the investing public.
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