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Non-Tech : VVTV - VALUEVISION INTL INC -- Ignore unavailable to you. Want to Upgrade?

To: Irene Harvey who wrote (15)	12/3/1997 9:25:00 PM
From: E Newman	Read Replies (2) \| Respond to of 36

Well Revenues were up, thats very good. They have now $45,000,000 in cash plus $35,000,000 thay are getting for the TV stations that they sold, thats $80,000,000 in cash They are looking for a new CEO one of three things can happen: 1. someone buyes them out. 2 They merge with a bigger company 3. they get a new mangagment team. What ever happens it will be good for the shareholders. At these prices its a steal, They have around $2.90 cash per share, and the book value is over $4.00 Volume was way up today. I think it was a shakeout of the weaker shareholders. There were a lot of buyers out there for the stock. I got some at 3 15/32 The CEO told me he put his life savings into this stock, he will do everything he can to bring value to the shareholders. He started this company from 0 sales to over $220,000,000 this year the comapny had almost no cash then, now thay have $80,000,000 gross margins are about 43%. all we need now is for the comapny to show income from operations and the stock will take off. I dont care if everyone sells, the balance sheet it was counts This is from the Earnings release: ''ValueVision is achieving record sales while continuing to adjust its operating units in order to produce profitable results,'' said Robert L. Johander, chairman and CEO. ''In addition, we are continuing to restructure our management team at ValueVision to put in place the leadership with the expertise and background necessary to grow the company and enhance shareholder value. At the same time, we continue to assess alternative options such as strategic investments, acquisitions or other business combinations.''