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

To: Glenn who wrote (95582)	9/12/1999 3:11:00 PM
From: speedbot	Read Replies (2) \| Respond to of 119973

Just defending Fattmatt from a rather idiotic comment. We all get very good and go cold sometimes. Yes. But even if they were red hot you won't catch Jenna, K.Lee, Anthony@(pre-expulsion), etc. etc. presuming such outright arrogance. Seems like some people don't mind eating sh_t as long as they profit. Jmho. s

To: Glenn who wrote (95582)	9/12/1999 11:31:00 PM
From: Ron	Respond to of 119973

For those look to diversify a little..good article on HET from Internet report: Mark Greenberg of the Invesco Strategic Leisure Fund provides the following stock idea on Harrah's Entertainment (HET 24 3/8). Below is the write up. Harrah's Entertainment is one of the largest operators of hotel casinos in the country. They have gambling properties in Reno, Lake Tahoe, Las Vegas and Laughlin, Nevada and in Atlantic City, New Jersey. They also have gambling operations on riverboats and on Indian reservations. Mark Greenberg, manager of the $400 million Invesco Strategic Leisure Fund (which is up 30% so far this year, compared to 12% for the S&P 500) likes Harrah's so much that it makes up 6% of the funds' portfolio. One of the particular reasons Mark likes Harrah's is because, they are geographically diversified. "If conditions are tough in Las Vegas or Atlantic City, it does not matter much because of the geographics of the company." He is impressed that Harrah's is doing a "great job" growing earnings while existing casinos consistently increase sales. "They have consistently gained market share in every location they are in," says Mark. "They are doing a better job of marketing their casinos than their competitors." Greenberg notes that Harrah's completed two big acquisitions within the last year, purchasing The Rio in Las Vegas and Showboat in Atlantic City. Many costs were cut out of those properties, he adds. Harrah's recently approved a 10 million share buyback out of the 120 million shares outstanding. Mark points out that there has been concerns on Wall Street that the building boom in Las Vegas and Atlantic City will create an over abundance of casinos and will hurt the returns for many casino companies. He calmly states, "There will only be one major casino constructed in Las Vegas during the next two years and no new constructions in Atlantic City during the next three years... The numbers of rooms will not move much higher in either of those two cities, which is good for Harrah's." Mark views the shares of Harrah's as "absurdly cheap". He figures they will earn $1.50 this year and $1.90+ next year. Greenberg thinks that Harrah's stock should trade at 20 times next years earnings or $38 before December of 00'. There is a thread that discusses HET on SI. Subject 10740