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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (7178)11/18/1997 9:51:00 PM
From: Eric Klein  Read Replies (1) | Respond to of 9285
 
Roger, do you have any info on Brooke Group Ltd (BGL).

It is a holding company owned by Bennett LeBow and controls the Liggett cigarette division (...smallest of the "Big 5" US cigarette makers. It produces L&M, Chesterfield, Lark, and Eve...) They also have interests in Russia and other assorted areas. It has recently risen from $2 to around $10, but has a book value (according to Yahoo) of -$25. BGL lost $0.86 in the latest quarter on declining revenues.

How long can they stay afloat before going into bankrupcy?

What is keeping the price up?