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Technology Stocks : Steven M. Samblis answers IPO questions direct -- Ignore unavailable to you. Want to Upgrade?

To: Bobbie Boucher who wrote (69)	4/10/2000 1:22:00 PM
From: Bobbie Boucher	Respond to of 127

Florida Panthers -2-: Stock May Run On Emotion >PUCK 11/13/1996 Dow Jones News Service (Copyright (c) 1996, Dow Jones & Company, Inc.) Steven Samblis , president of Samblis Financial Corp. in Longwood, Fla., said Florida Panthers Holdings will trade on its glamor rather than its fundamentals. 'If you've got 'sports,' 'Huizenga' and 'Blockbuster' in one story, people want to read it,' he said. 'The fundamentals are weak, but from a perception standpoint, I think the stock will really crank. That's not bad - if you understand what you're looking at. Stocks run for different reasons, and if you understand those reasons, you can make money.' Investors have made money in stock-car racing companies, despite analysts' warnings, and Speedway Motorsports Inc. (TRK) and Penske Motorsports Inc. (SPWY) have raced to strong returns. In February 1995, Speedway priced 4.5 million shares at $18 each via Wheat First Butcher & Singer, and declared a 2-for-1 stock split in March of this year. The 52-week high is 31, the low is 13 5/8 and the stock now trades at 23 3/4. In March, Penske priced its deal at $24 a share. The stock reached 40 3/4 and now trades at 34. But International Speedway Corp. (ISCA), now trading at 19 1/2, has dipped below its Nov. 4 offering price of $20 a share after going as high as 22 1/4. Fans buying a few shares in Florida Panthers Holding Inc. won't be engineering any trades or have a hand in its operation. NHL rules prohibit control of a team without league approval. A new class of shares with 10,000 votes each has been created and will be held only by Huizenga. In the past, sports fans hungering of a piece of the financial action bought shares in Boston Celtics L.P. (BOS). Investors seeking a chunk of baseball's Chicago Cubs or the NHL's Mighty Ducks of Anaheim, Calif., can buy Tribune Co. (TRB) or Walt Disney Co. (DIS), respectively. (END) DOW JONES NEWS 11-13-96 12:56 PM (CORRECTED 17:02)