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Microcap & Penny Stocks : JNNE - Jones Naughton -- Ignore unavailable to you. Want to Upgrade?

To: wallstreeter who wrote (581)	6/2/1998 11:51:00 PM
From: Brad	Read Replies (1) \| Respond to of 607

Hi wallstreeter! The float looks reasonable to me because many of the shares are held in "friendly hands." These are people fairly close to the company that seem to be looking at the long term. And long term is where JNNE shines the most. Short term, I see 25-30› as an easy target. But long term (9-12 months), I could see JNNE climbing up to the $3-4 range. That's based, to a great extent, on the profits from the Costco-AmeriNet income through Royal West Sales. That deal would give JNNE an EPS of around 21› for next year. And the advertising part of the business is showing some real signs of substance. They expect to be profitable THIS YEAR! EPS is what it's all about. Right now JNNE is trading at a forward looking P/E of 0.5/1 With a 12› stock, I can buy larger blocks. 25,000 shares is only $3000... today. It will be interesting to see the price of 25,000 shares 1 year from today. Hmmmmm! In some cases 28 million shares in the float might be considered a lot. But here, I think it the "effective float" could be much less than that. And the trading seems to reflect it as well. Just my opinion, of course. Best wishes, Brad