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Non-Tech : American Coin Mrch (AMCN)-High Growth Vehicle -- Ignore unavailable to you. Want to Upgrade?


To: bob ferrante who wrote (24)12/10/1997 8:58:00 PM
From: Steve Stuart  Read Replies (2) | Respond to of 68
 
Take a look at AMCN's last few acquisitions:

date franchisee price/machine
1/96 Hoosier $ 3200
5/96 Northern Coin $ ????
7/96 Sugarloaf of Utah $ 4400
7/96 Sugarloaf West $ 4900
9/97 Sugarloaf, Inc $ 8200
12/97 Creative Coin of AZ $10000

Notice a trend? As these acquisitions begin to come very dearly,
AMCN's growth rate will slow significantly. Also, the new revenues
will add less to the bottom line than they have historically.

I like the company quite a bit, but think it's a bit overpriced at the
moment.

-Steve Stuart