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Pastimes : Blue Cheap Stock TRADING -- Ignore unavailable to you. Want to Upgrade?

To: BlueCheap who wrote (1025)	8/6/1998 9:52:00 AM
From: BlueCheap	Read Replies (1) \| Respond to of 1078

For Any who Still check old Blue Cheap: Over Looked Emerson Radio (MSN), Opportunity Knocks!! The CHEAP Investor has recommended Emerson Radio several times over the course of a year now as in print The CHEAP Investor said that a company like MSN should sell for close to or about 2x sales? The CHEAP Investor commented that with 150mil in sales for MSN and said this stock could be bought for $2.50 to $3.00 per common share. MSN is now in their fiscal 1999 year and Numbers just released by Emerson for their 1st QT. of fiscal 1999 which is from March 30th 1998 through June 30th. MSN reported 59 Million in sales for this first Qt. which historically is NOT a better Qt. for MSN because the closer they get to Christmas the MORE SALES Emerson has. SO, Emerson is going into their two BEST Qt's which are their 2nd & 3rd Qt's. Now, using these sales numbers a little, 60mil x 4 qtrs = 240mil x 2x sales = $4.80 Emerson owns 27% of the common shares PLUS warrants of a company named Sports Supply Group nyse (GYM). GYM just reported their fiscal 1998, reporting an increase in profits over their fiscal 97 for .17 cents per share to .20 cents per share for 1998. GYM's 52-week Range is 6 1/8 - 10 1/4 most recently trading on the high end of this range until the Dow took a down turn...If GYM trades back to $10 this places a value of Emerson's investment in GYM at $30 Million. Divide that figure into MSN's outstanding shares and you have about $.50 cents, with MSN trading at .$44 cents. ?? I was told that this 1st QT gain MSN just reported amounts to about $30 Million increase in VALUE or $.50 cents per share, ADD the $.50 cent Value which is in MSN's investment of owning 27% of Sports Supply Group (GYM) and we got a $1.00 stock selling for $.44 cents. This does NOT even take into account the old established Emerson Radio NAME and SALES distribution network. The CHEAP Investor has stated in several issues that Emerson Radio is a GREAT take over candidate or BUY OUT candidate especially for a foreign company looking to gain a market in the US as well as a Name known world wide. NOW I see why it is quite possible some foreign company might pay as much as $3, $4, $5, who knows. It is thought that an Asian company has been looking at Emerson just as recent as this past week.. I am beginning to see why The CHEAP Investor kept comparing MSN to DEPCC. This company DEPCC was just BOUGHT OUT for $5.25 CASH. DEPCC was selling for $1.06 just a few months ago. Plus DEPCC share holders will also receive stock in the company that bought them, so you just never know.. Figuring this TURNAROUND in SALES & PROFITS, the Emerson NAME, DISTRIBUTION NETWORK & and a little (GYM) could push MSN to that $5.00 The opening of the South American and Mexican mkt to MSN by a solid distributor that sells Sears , Westinghouse is what really did it for me with MSN much more than WalMart here..I think they have pulled off a major coup and have really positioned themselves for EXPLOSIVE growth down there where there are several hundred consumers for their products.... ALL this for a Undervalued, Yet well Known amex stock selling right on it's 52 week low price of 3/8 to 7/16. BARGAIN ? I think so...... Regards, Malcolm