Well, not as good as II mention but there is another amigo pick in this email
hint. scroll DOWN
-----Original Message-----
From: SmallCap Investor News <editor@smallcapinvestor.com>
To: smallcaplist@magicnet.net <smallcaplist@magicnet.net>
Date: Sunday, September 13, 1998 5:53 PM
Subject: Issue #106: September 13, 1998
September 13, 1998 Issue #106
SmallCap Investor News Jeffrey A. Grossman, Editor
smallcapinvestor.com 20,836 Subscribers
A FinancialWeb publication
financialweb.com
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Index performance for the week ending September 11:
Despite big losses on Wednesday and Thursday, major indexes managed
gains for the week thanks to big up days on Tuesday and Friday. The
big winner was the Nasdaq Composite which jumped 4.8%. The Dow and the
Russell 2000 index of small-cap stocks both gained about 2%, while the
MicroCap50 rose just 0.17% (its first weekly gain in 10 weeks!).
The MicroCap50 gained 0.81 points (0.17%) last week to close at
471.36. This was the index's first weekly gain since July 2. The
MicroCap50 is down 35.03% in 1998 and on Thursday fell to its lowest
level ever since the index was created on June 12, 1996. (It is
currently down 52.86% since it was created.)
The Russell 2000, a smallcap stock index, rose 6.55 points (1.89%)
last week to close at 353.62. This was the index's first weekly gain
in 8 weeks. The Russell 2000 is down 19.08% in 1998 and has fallen
28.17% from its 1998 high.
The Dow Jones Industrial Average jumped 155.25 points last week
(2.03%) to close at 7795.50. The Dow is still down 1.43% in 1998 and
is 16.78% below its 1998 high.
For more information and comparative graphs, please go to:
smallcapinvestor.com
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August Playboy Cover
Last August's Playboy magazine cover featured the Titan Gecko - the
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Titan has applied to have its shares listed on the NASDAQ Small
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reporting company. Titan has experienced rapid growth as top-line
revenues have increased from approximately $625,000 in F1995 to $4.9
million in F1996 to more that $13 million in F1997. Halfway through
1998, the company has already recorded revenues of $12.9 million, thus
is set to produce record growth figures yet again this year. With a
dealer network of 52 in the United States already and 17
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------------------------------------------------------
EVER WONDER WHAT THE 5TH LETTER OF A NASDAQ TICKER SYMBOL MEANS?
Many stocks end up with a C, D, E, or even the dreaded Q on their
symbols for various reasons. Do you know what those letters mean?
Additionally, many ticker symbols commonly end with an F, Y, W, or U.
In fact, every letter of the alphabet has a meaning when it is the
fifth letter of a Nasdaq ticker symbol.
A list of what every letter means is available on our website at:
smallcapinvestor.com
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SmallCaps in the News
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SMALL CAPS WARMING UP?
With grim factors weighing down the sector,
some experts see great bargains
Cnnfn - September 10, 1998
cnnfn.com/quickenonfn/investing/stocks_bonds/9809/10/q_smallcaps/
SEC LAUNCHES DIVISION OF CYBERCOPS TO POLICE INTERNET STOCK SCAMS
Houston Business Journal - September 7, 1998
amcity.com
NET CON ARTISTS CAN MAKE NOTHING LOOK LIKE SOMETHING
San Jose Mercury News - September 6, 1998
mercurycenter.com
GOOD SMALL-FIRM FUNDS STILL AVAILABLE
Deseret News - September 6, 1998
desnews.com
SUSPECT A SCAM? CHECK OUT THESE SITES ON THE INTERNET
San Jose Mercury News - September 6, 1998
mercurycenter.com
MERRILL LYNCH ANALYST SEES SMALL-CAP BARGAINS
Cnnfn - September 3, 1998
cnnfn.com
If you find any new articles on the web about smallcap or microcap
investing, please send the URLs to editor@smallcapinvestor.com
------------------------------------------------------
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THE YEAR 2000 PROBLEM
By Jim Moore of year2000stocks.com
----------------------------------------------
Just for those of you who are newly acquainted with the "Year 2000
Computer Crisis," we at www.year2000stocks.com decided to explain the
basic ?????? of this world wide forecast computer glitch. And for
those of you who are aware of the Y2K Bug, reading this might prompt
you to reevaluate what impact Y2K will have you or your business. The
following will be a very informal description of the foundation of the
Y2K topic:
In the early stages of development, computers didn't have much memory
space. If you needed a large amount of memory, it took up A LOT of
space and was very expensive. Thus, computer programmers set memory
conservation as a priority. One of the ways the programmers decided to
save memory space was to just use two digits for the date instead of
four. For instance, "98" instead of "1998." The programmers hacked off
the first two numbers. The computer's logic will read the date as 1900
when the clock strikes midnight on January 1, 2000. Since there are so
many software programs that are date sensitive, computers everywhere
could spit out faulty information or even crash completely.
One might think, "Big deal if my computer crashes. I doubt it will
cause a world recession. "O.K., but what if your bank's computer
crashes? When you're done speculating the above disaster, speculate
then on all of your utility's computers.
Now speculate on your lines of communication.
...Transportation.
...The government.
This is the problem that is causing world wide controversy and fear.
It is a forecast which has been calculated by many, many great
computer scientists. It is your responsibility to get all of the
information you can. Aren't you glad we are here? We're dedicated to
continue to bring out on a daily basis more and more information on
this thing called "Y2K" and the publicly traded companies that fix it.
Please continue to keep checking out our site at
year2000stocks.com. Thanks!
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STOCK OF THE MONTH UPDATES
--------------------------
All Stock of the Month reports, as well as a table
showing the performance of our picks, are available at:
smallcapinvestor.com
-----------------------------------------
Fotoball USA, Inc. (FUSA) August 1998 - Current price: $2.125 bid
smallcapinvestor.com
MCGWIRE RECORD BREAKING HOME RUN GIVES FOTOBALL REVENUES A BOOST
When Mark McGwire broke the home run record at his home ballpark this
week, it was great news for Fotoball. Fotoball had already shipped
16,000 limited edition fotoballs for the St. Louis Cardinals to sell
if McGwire broke the record. The special baseballs, which sold for
$20, have color images of McGwire and the words "I was there" and
"Making History Home Run 62."
The McGwire fotoballs apparently sold out very quickly. One of the
balls is currently being auctioned off on the web, and as I write
this, the bid is $51.
If you'd like to see some photos of the McGwire fotoball, they are
available at:
cgi.ebay.com
You can even enter a bid if you'd like to buy the ball.
Other than the limited edition balls, Fotoball is also selling McGwire
record breaking fotoballs on QVC and in retail stores. The QVC product
is a 62 Home Run Baseball & Mini-Glove for $21.50. It is available via
the following link:
qvc.com
If you're interested, here are a few other Fotoball items I found on
QVC's web site:
SUPER BOWL XXXII DUELING TEAMS LEATHER FOOTBALL
qvc.com
SANDY KOUFAX FOTOBALL
qvc.com
IRONMEN (LOU GEHRIG AND CAL RIPKEN) BALL & GLOVE
qvc.com
Fotoball apparently also has the rights to sell Sammy Sosa fotoballs
if he should reach 62 home runs as well.
-----
PDG Environmental, Inc. (OTCBB: PDGE) July 1998
Current price: $1.15625 bid
smallcapinvestor.com
PDGE ANNOUNCES 2ND QTR EARNINGS UP 100%
PDGE announced on Wednesday that its revenues for the second quarter
increased 104% to $10,844,000, as compared to $5,310,000 in the year
ago quarter. Net income before the shareholder litigation charge was
$658,000, or $0.08 per fully diluted share, as compared to net income
of $266,000, or $0.04 per fully diluted share for the comparable
period last year. For the quarter, a discontinued operations charge
of $200,000, or $0.02 per share, was taken for the settlement of the
shareholder litigation relating to PDGE's former subsidiary PDG
Remediation, now ICHOR Corp. Earnings for the quarter were in-line
with expectations.
For the first six months of 1998, earnings per share after the charge
were $0.13 compared to $0.06 in the first six months of last year.
"This marks the eighth consecutive quarter of profitable operations
for the Company. The quarter and year-to-date results were impacted
positively by the $12 million Harrisburg project which was completed
on schedule in July 1998. Bidding activity remains strong, and we are
confident that the remainder of fiscal 1999 will continue to follow
the trends developed during the last eight quarters," stated John
Regan, Chairman and CEO.
Press release: newsvest.com
If PDGE stays on track and earns $0.25+ for the year, its current
stock price of $1.15625 would mean it has a forward P/E of just
4.5!?!?
The KonLin Letter wrote a follow-up report on PDGE recently. They
raised their ultimate target price on PDGE to $8 - $9. Our target
price, however, remains at $2.40 to $4.50.
-----
Global Payment Technologies (GPTX) May 1998
Current price: $6.50 bid
smallcapinvestor.com
GPTX ANNOUNCES STOCK REPURCHASE PROGRAM
On Tuesday GPTX announced that its Board of Directors authorized the
repurchase of up to 500,000 shares of its Common Stock. Purchases have
and will be made from time to time in the open market and through
privately-negotiated transactions, subject to general market and other
conditions. The Company estimates that purchases would be made over a
period of approximately one year. The buyback program will be financed
out of internally generated corporate funds and the use of a separate
credit facility specifically set up for such purchases. On Friday,
September 4, the Company purchased 165,000 of its shares at an average
price of approximately $6.30 per share. Shares acquired will be
available for later issue upon the exercise of stock options and for
other corporate purposes.
Stephen Katz, Chairman of the Board of Directors and Chief Executive
Officer said, "The Company believes its shares represent an attractive
investment for the Company, especially at its present market value.
The stock repurchase program reflects the Company's strong financial
position and confidence in its long-term prospects."
Also, a newsletter called The Cutting Edge ($495 per year) has
recommended GPTX in its September 1 issue. GPTX was trading at about
$9 at the time.
-----
Go-Video, Inc. (VCR) April 1998 - Current price: $3.375
smallcapinvestor.com
Go-Video announced on Tuesday that it has received tremendous dealer
response to a significant expansion of its biggest fall marketing
blitz for Dual-Deck VCRs in company history.
Go-Video recently announced its new GV9000 Dual-Deck VCR, the first
Dual-Deck designed to sell below $300. This model will star in
national print advertisements scheduled to break in mid-September and
run through October under the headline: "2 VCRs In One. Copies Any
Tape." The ads also contain messages designed to cause consumers to
question why they would purchase a conventional VCR when they can buy
a Dual-Deck for under $300. In addition to Go-Video's ad campaign,
Circuit City kicked off national advertising on the new GV9000 with a
full-page advertisement in USA TODAY.
Based on dealer excitement over lower pricing on Dual-Decks, Go-Video
is also expanding its fall marketing campaign by offering a mail-in
rebate on two of its latest models, and by adding additional
publications and frequency to its largest national advertising
campaign to date.
The entire fall ad campaign has been further strengthened by the
addition of more national publications and by the number of total
insertions. Publications slated to carry the ads now include USA
TODAY, Time, Newsweek, TV Guide, Cable Guide, Delta Sky, Satellite
Orbit Guide and Satellite Direct Guide. Go-Video estimates this major
print campaign will generate more than 55 million household
impressions.
Press release: biz.yahoo.com
And on Thursday, Go-Video announced that it increased its revolving
credit facility with Congress Financial Corp., a subsidiary of First
Union Corp., from $14 million to $20 million. Other changes to the
revolving credit facility include better collateral advance rates,
lower interest rates and fees, and additional borrowing capacity on a
seasonal and permanent basis to further support the company's future
growth. The expiration date of the amended facility was extended by
four years to November 2002.
"We view this new facility as a strong vote of confidence from the
financial community in Go-Video's strategic growth plans," said Roger
Hackett, chairman and chief executive officer of Go-Video.
"I'm particularly pleased that the facility is available from day one
to fund working capital required to support the upcoming launch of our
new line of digital televisions. Congress Financial worked hard to
accommodate our needs for additional borrowing capacity, allowing us
to fund higher levels of working capital through the new facility as
the company grows."
Press release: newsvest.com
-----
Consolidated Mercantile (CSLMF) May 1997 - Current price: $0.53125 bid
smallcapinvestor.com
CSLMF's main subsidiary, Polyair Inter Pack, reported its third
quarter results on Thursday. Revenues increased by 26% to C$29.6
million from C$23.5 million in the similar 1997 period. Polyair's net
earnings for the quarter were C$842,000 or C$0.12 per share, compared
to C$768,000 or C$0.10 per share in the comparable 1997 quarter. The
company's sales revenues are generated primarily in the United States
in U.S. dollars and are reported for financial statement purposes in
Canadian Dollars. Approximately C$3.4 million of the increase in third
quarter and year to date sales on a comparative basis is due to
exchange rate fluctuations. This has not had a significant impact on
earnings.
Press release: biz.yahoo.com
I have to say that I am somewhat disappointed with PPK's earnings.
Just a month and a half ago in an interview with Dow Jones, PPK's
president, Henry Schnurbach, said he expected PPK to earn $0.14 in the
third quarter.
-----
NuMED Home Health Care (NUMD) April 1997 - Current price: $0.625 bid
smallcapinvestor.com
Despite the extremely weak stock price recently, the NuMED merger
appears to be on track. I spoke to NUMD's president, Susan J.
Carmichael, this week and she said nothing is wrong and the merger
should still be completed before the end of the year. It also sounds
like the due diligence could be completed next week.
NUMD is likely trading at this low price because people don't have
confidence that the merger will be completed (since the last couple of
potential mergers failed.) However, considering the structure of this
deal (compared to the other deals), it appears to have a good chance
of being successful. This deal would give NUMD shareholders $1.40 in
cash, a subordinate debenture with a principal amount of $0.3195
paying 7% interest, and one-tenth of one share of new common stock.
I hope to see a press release from NUMD once due diligence is
completed.
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**************************************
From: <ingrid.d@usa.net>
Date: Sat, 12 Sep 1998
I have found this company that trades on the OTC BB named "New
Millennium Media International, Inc." (NMMI). From what I have read
from their latest press release dated Aug. 28, the company is
developing an extensive sales and marketing campaign in the U.S. and
talks highly about its IllumiSign EyeCatcher. As quoted "an exciting
new "out-of-home" advertising medium that offers a unique, patented
rotating multi-ad display". Their President says that their IllumiSign
EyeCatcher has a proven track record overseas and has significantly
increased sales of advertisers in the United Kingdom and New Zealand
and they are the exclusive licensee for their product in the U.S. They
believe their product can significantly increase their revenues in The
North American markets as well. Does this company have potential over
here?...all comments are welcome...
Ingrid D. Sibley
ingrid.d@usa.net
[Editor's note: NMMI does not report to the SEC. Be very careful.]
**************************************
Date: Sun, 06 Sep 1998
Subject: Stock Pick
Automobile Protection Symbol - APCO Current Price $6.25 Market -
NASDAQ Shares Outstanding 11.7M Float 9.4M Institutions 33%
Management own 20% 97 Sales $93.9M 97 Earnings $4.1M 98 6 months
sales $55.9M 98 6 months earnings $3.1M Cash $26M Long Term Debt -
NONE Automobile Protection in engaged primarily in the marketing and
administration of extended vehicle service contracts and extended
vehicle warranty programs sold by new and used automobile retailers
located throughout the US. Recent signings with Allstate, Banc One and
Manheim Auctions along with the signing of exclusive warranty
agreements with two of the largest 50 franchise dealerships in the
Unnted States( Sonic Automotive and Kelly Automotive), should allow
APCO to grow substantially over the next few years.
**************************************
Please send your comments, questions, stock picks, etc... to Jeff at:
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