To: Jim Bishop who wrote (46837 ) 5/13/2000 5:45:00 PM From: StocksDATsoar Read Replies (2) | Respond to of 150070
ALHY = Total assets of $11,791,000, right?...ALHY has a market cap of $75,850,000...Who in their right mind would even pay $4.00 a share for this company ALHY - ALPHA HOSPITALITY Exchange: Nasdaq SC Delay: at least 15 minutes Last Price: 4 7/16 at 15:59 EDT Change: Up 3/16 (+4.41%) High: 4 9/16 Low: 4 1/16 at 11:00 EDT Open: 4 7/16 Previous Close: 4 1/4 on 5/11 Volume: 116,500 30-Day Avg. Volume: 183,000 Shares Outstanding: 17,093,000 Market Cap.: 75,850,188 52-Week High: 9 3/4 52-Week Low: 1 1/4 Beta: 1.77 EPS: -0.32 Currency Units: US Dollar Confirm all data with your broker or financial advisor before trading. Data by: S&P ComStock Alpha Hospitality Reports First Quarter Results NEW YORK--(BUSINESS WIRE)--May 10, 2000--Alpha Hospitality Corporation (NASDAQ - ALHY; BSE - ALH; WARRANTS: OTCBB - ALHYW; BSE - ALHW) (the "Company"), which is operating as a holding company and a vehicle to effect acquisitions, today reported results for the quarter ended March 31, 2000. The results reflect the general and administrative expenses related to the pursuit of potential new business opportunities. ALPHA HOSPITALITY CORPORATION AND SUBSIDIARIES Summary Balance Sheet Data March 31, 2000 (in thousands) Cash $ 4,566 Total current assets 4,853 Net property and equipment 4,968 Other assets 1,970 ---------- Total asset $ 11,791 ========= Total current liabilities $ 3,788 Total long-term liabilities 1,687 Total shareholders' equity 6,316 ---------- Total liabilities and equity $ 11,791 ========= ALPHA HOSPITALITY CORPORATION AND SUBSIDIARIES Summary Consolidated Statements of Operations (in thousands, except per share data) Quarter Ended March 31 2000 1999 ---------------------------- Revenues $ 36 $ 43 Costs and expenses (165) (538) ----------- ----------- Net Loss (129) (495) =========== =========== Net loss per share, Common and diluted $ (.01) $ (.03) =========== =========== To the extent the content of this press release includes forward-looking statements, they involve risks and uncertainties that are described from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act of 1994, and as such, speak only as of the date made. This release, and prior releases are available on the KCSA Public Relations Worldwide Website at www.kcsa.com CONTACT: Alpha Hospitality Corp. Thomas W. Aro, Executive Vice President (212) 750-3500 -or- CSA Contact: Leslie A. Schupak/Joseph A. Mansi (212) 896-1207/1205 KEYWORD: NEW YORK BW1734 MAY 10,2000 15:07 PACIFIC 18:07 EASTERN