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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: BobKuz who wrote (82116)	7/7/1999 6:37:00 AM
From: DanielleC	Read Replies (1) \| Respond to of 119973

Folks, read this article on JTWO that came out after yesterdays close! THIS ONE COULD BE HUGE!!!!!!!! DJ Hldr Sees Internet Strategy Boosting J2 Commun Shares WASHINGTON (Dow Jones)--When Clark Griswold loaded the family station wagon for his infamous trek to Wally's World, he did not have the benefits of the information superhighway to ease his trip. That was 1983, though, and now the company that popularized such films as "Vacation" and "Animal House" is hoping to do the same thing for the Internet as it did for American comedy, according to Federal Filings Business News. J2 Communications owns and licenses the National Lampoon name and will soon roll out "the official portal site for comedy on the Internet," according to investor Daniel Laikin, who with a partner owns 266,200 J2 common shares, or a 21.87% stake. Laikin would not elaborate on details of the Internet venture, but said it can be found at "nationallampoon.com" and will provide, among other things, links to virtually all comedy sites on the Internet. "The portal should be ready within the next 90 to 120 days," said Laikin. Officials at J2 were not available for comment. "If you look at this company as an Internet play, it should be a $120 to $150 stock," said Laikin. "National Lampoon's name recognition is incredible, and I'm working to help reposition the company to exploit an Internet strategy." So far, Laikin has helped by infusing money into J2 - buying 254,700 shares from May 6 to June 21 at prices of $2.06 to $5.75 each, according to filings with the Securities and Exchange Commission. The stock closed Monday at 7 1/2, up 9/16, or 8.1%, and well above the 52-week low of 1 1/8 set Nov. 18. Earlier it hit a new 52-week high of 8 1/2, past the previous ceiling of 7 1/2 reached June 21. Laikin insists that he is not interested in acquiring J2, but simply wants to guide the company in the right direction. "Based on other Internet values out there," he said, "J2 is a $150 million to $200 million company. "This is the most undervalued stock I've ever seen." - Clinton Barkdoll; 202-628-9787 (END) DOW JONES NEWS 07-06-99 16:29 070699