Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : POPM - POPMAIL.COM -- Ignore unavailable to you. Want to Upgrade?

To: Golf Pro6 who wrote (55)	8/21/2000 12:23:00 PM
From: CIMA	Read Replies (1) \| Respond to of 81

It looks like POPM is getting the heck out of Minnesota. Guess that takes care of any anti-takeover laws. bizjournals.com. Industry News Columns -------------------------------------------------------------------------------- From CityBusiness Growth 40 PopMail Gets out of Town, Chronimed in John Hoogesteger Three weeks ago, we brought the Growth 40 from a flagging Growth 37 up to an almost full Growth 39. This week, we planned to bring the group to full strength with the introduction of Chronimed Inc. But those efforts went south along with PopMail.com’s corporate headquarters, which are now in Irving, Texas, along with its new CEO, removing it from eligibility for the Growth 40. So Minnetonka-based Chronimed keeps us at 39 members. It recently split its medical-diagnostic products manufacturing division off into another company, called MEDgenesis Inc., leaving behind a pharmaceutical distribution company serving the needs of people with long-term chronic diseases. “This will make it easier for the Street to understand who we are,” said Henry Blissenbach, Chronimed president and chief operating officer. “Analysts want to put you in a sector and there is no sector for a company with a manufacturing component and a drug distribution segment.” Dividing into two companies will clear up that confusion and position both for growth, he said, citing Chronimed’s fiscal-year end figures released this week that show earnings up from $1 million to $5 million and earnings per share up to 25 cents from 5 cents a year ago. With the departure of PopMail.com, the Growth 40 continues to look for members. If you want to suggest a Minnesota-based public company with a market cap below $500 million, call (612) 288-2106. Miscommunications stifle Famous Dave’s stock When your company has its best quarter ever, you don’t expect the stock to drop 20 percent in value. But that’s what happened to Martin O’Dowd, president and CEO at Famous Dave’s of America Inc. The Eden Prairie-based barbecue restaurant chain had been flirting with $5 a share, but after announcing a record quarter in which the company earned 11 cents a share, topping an analyst’s projection by 2 cents, it dropped below $4 a share. Securities analyst Jack Nielsen of R.J. Steichen & Co. in Minneapolis said two miscommunications hurt the stock. First, Yahoo Finance and other online news sources reported earnings per share at 7 cents, missing Nielsen’s projection. This occurred, he said, because those agencies didn’t count a one-time gain of $640,000 on the sale of two restaurants and the sauce and spice division. But they didn’t subtract it from Nielsen’s projection, which would’ve been about 4 cents a share without that money. Compounding the error, Nielsen said, was the company releasing its results on a Monday but not having the conference call on those numbers until Wednesday, helping the erroneous numbers take root. “They made the number I was looking for. It’s been kind of frustrating,” said Nielsen, who has been unable to get the bad information corrected. But, he said, it has created an opportunity for investors to increase their position in Famous Dave’s at a discount.