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 : screening room -- Ignore unavailable to you. Want to Upgrade?

To: jerryf who wrote (166)	5/13/1998 11:48:00 PM
From: musicguy	Respond to of 212

from Yahoo CPX thread "First Boston is asking $ 190 million for the sale of the Cineplex theatres in Chicago and New York, that's over $ 1.00 per share just for some of the theatres. Obviously you would have to take the outstanding debt on those locations, or a portion related to those locations into account, but that is still $ 100 million over an amount equal to 9 X the income for those locations. In addition, the merger should be concluded shortly. The reason the "lazy or stupid " management is not responding is because they have almost all been laid off in the last two months in connection with the merger. After consolidation and elimination of duplicitive costs, the surviving entity ("LCE") looks clearly as it will do substantially better that the entitie's previous separate results, especially since the people at Cineplex who were laid off were paid substantially more than their counterparts at SONY who will remain. The fact that there are many,large block bids out there clearly indicates that an appetite exists for this stock at this level or the LCE stock post merger. They just do not want to run the price up 50 cents or a dollar now because that translates to a big percentage increase in the premerger valuation and they may be able to buy large blocks after the merger from some of the existing shareholders. If they can pick up a large block now without drastically increasing the price, they would do it." Things gradually building here... MG