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Non-Tech : Grand Casinos-GND -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan P. Myers who wrote (369)	7/16/1998 8:50:00 PM
From: Gary S. Friedman	Read Replies (1) \| Respond to of 380

Jonathan, perhaps with your experience in mergers and acquisitions, you can convince someone to put up $600 million dollars (market cap), assume $550 million in debt, and run a business with annual revenues of $700 million dollars. This revenue should produce EBITDA of $189 million dollars a year and should produce earnings of $70 million dollars. Let us not forget the $200 million dollars cash sitting in the bank..The best part is the new acquirer can unload the chairman of the company, who obviously does not have shareholders best interest at heart.