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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Cube who wrote (13811)	8/2/2000 12:38:25 PM
From: TRIIBoy	Read Replies (3) \| Respond to of 18998

Outside of VTIV and my old fave BELFB (backing up towards old highs), I have a controversial pick, definitely for this thread. TSCM (Thestreet.com) IMHO, the company has built a brand that represents the best content for financial news and commentary on the web. They have over $90 million in cash (yes, I know this is going down), meaning the market values them at $35 million. Everyone thinks they are going bankrupt but nothing could be further from the truth. This last quarter represented the high water mark for cash outflow, and the next quarter this will fall dramatically. I estimate they will do $31 million in rev this year and over $60 million next year, with breakeven coming in q3 or q4 of 2001. I also estimate that they will have at least $50 million in cash by breakeven and will be in perfect shape to be a consolidator. Too many people associate their dislike for Cramer with this company and this site. Considering TSCM beat revenue estimates by 10% last quarter and is gaining traction, I don't think people appreciate how well they are actually doing. The transition to a free and a pay site is perfect and makes sense and is working fine. I bet that in 6 to 12 months someone comes along and buys them for double digit prices if they are still in single digits. This is my favorite stock right now, but I'll admit it is controversial, but I believe the reward far outweighs the risk.