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Microcap & Penny Stocks : Emerson Radio Corp (MSN) -- Ignore unavailable to you. Want to Upgrade?


To: Tony Rome who wrote (3026)11/14/1999 12:37:00 PM
From: Charles D. Kinton  Respond to of 3501
 
Looks like a good deal to me. Buying 5,000,000 VCR's and TV's for
$400,000,000.00

That equals $80.00 per item.

3 million VCR's

2 million TV's

Should be worth $100.00 avg. wholesale. Comes to a tidy $100,000,000.00
before expenses. Guess 40% for expense, leaves a ball park of $60,000,000.00 profit picture.

Not a bad ball park for a fifty cent stock.

Should the proverbial truck back up to the loading doc?

I see a good chance of 7/8 to a dollar next week.

Chuck



To: Tony Rome who wrote (3026)11/14/1999 1:54:00 PM
From: Marilyn T  Read Replies (2) | Respond to of 3501
 
Hi Tony,

A distributor isn't likely to place such a large order for merchandise unless the merchandise has already been sold. I'd be willing to bet Emerson has received blanket orders for this merchandise from large customers such as Walmart, Target, etc. (meaning the merchandise is already sold). Most likely orders will be shipped directly to Emerson customers from Daewoo. When they are shipped to Emerson customers and Emerson receives payment is when the profits will be made.

The good part is that Daewoo will service the products. That means when Emerson receives payment, the deal is done!

I think this is great news!

I believe Emerson Radio is a stock that will continue to go up indefinitely. This is just the beginning!

Regards,

Marilyn