Let's stop all the high class twisted figures bull shit. Here are the
latest and greatest for the 3 CD tenors. Unlike the real 3 tenors,
these guys are all losers. Hear that Monahan, all losers!
With that said let's get the next fallacy behind us. TSIG/CCI is not
in the friggin CD business. We're in a different business, and for
those newcomers all of a sudden amongst us, I won't give you a hint.
You'll have to go back and figure it out yourself.
But, just for the moment, if, and only if we were in the CD business,
I'd suggest that the last thing we ever, EVER want to do is try to
follow in the footsteps of any one of the losers listed below.
Especially the beloved KTel. With their anticipated .40 loss
for their last quarter, their very first quarter on the net. They're
basically DOA. Just watch them slip further down the sides of the
toilet. IMHO
Read their latest results, pay close attention to the
trend in all their reporting and then think, just think
about how we will be earning our money and how we will be getting our
customers and then really what business are we in?
Then Monahan, unless you have something of value to add I'd suggest
that you, well... you probably already know...
Rich
K-Tel International, Inc. Ticker: KTEL
Complete Financials: March 1998 Exchange NASD
Earnings Announcement: June 1998* FY END JUN
ISSUE DATA (10/09/98) PER SHARE DATA RATIOS
Price $ 5.34 EPS (TTM) $ -0.31* P/E (TTM) NM*
52W High $ 39.47 Div. Rate $ 0.00 Yield 0.00 %
52W Low $ 2.81 Book Value $ 0.65 Price/Book 8.25
Shrs Out 7.63 Mil Cash $ 0.36 ROE (TTM) -45.23*%
Float 1.80 Mil Rev (TTM) $ 11.19* ROA (TTM) -7.26*%
Mon. Vol 9.49 Mil Curr. Ratio 1.17
Beta 0.64 LT Dbt/Eqty 0.81
BRIEF: KTEL markets and distributes consumer entertainment
and convenience products through retail stores and by direct
response marketing. KTEL products include albums, compact
discs, cassettes, housewares and automotive accessories and
other devices. For the 9 months ended 3/31/98, sales rose
26% to $64.8M. Net income decreased 78% to $693K. Revenues
reflect increased music and consumer product sales. Net
income was offset by an increased cost of goods sold.
*PRELIMINARY: For the 3 months ended 06/30/98, revenues
were 20,849; after tax earnings were -3,100.
K-Tel International, Inc. QUARTERLY SUMMARY Page 2 of 10
HISTORICAL QUARTERLY RESULTS(Thousands of U.S. Dollars)
REVENUE 1995 1996 1997 1998
1st Qtr SEP 13,761 16,624 15,622 25,135
2nd Qtr DEC 19,719 18,792 17,131 23,215
3rd Qtr MAR 16,425 18,422 18,477 16,427
4th Qtr JUN 16,012 18,149 24,271 20,849*
EPS (U.S. Dollars per share)
1st Qtr SEP 0.010 0.040 0.110 0.150
2nd Qtr DEC 0.010 -0.010 0.225 0.055
3rd Qtr MAR -0.045 0.060 0.065 -0.120
4th Qtr JUN -0.310 -0.190 0.010 -0.400*
**********************************************************************
CDnow Ticker: CDNW
Complete Financials: June 1998 Exchange NASD
FY END DEC
ISSUE DATA (10/09/98) PER SHARE DATA RATIOS
Price $ 7.38 EPS (TTM) $ -2.10 P/E (TTM) NM
52W High $ 39.00 Div. Rate $ 0.00 Yield 0.00 %
52W Low $ 7.00 Book Value $ 3.31 Price/Book 2.23
Shrs Out 16.27 Mil Cash $ 2.91 ROE (TTM) -80.32 %
Float 4.10 Mil Rev (TTM) $ 2.59 ROA (TTM) -57.03 %
Mon. Vol 8.16 Mil Curr. Ratio 9.45
Beta NA LT Dbt/Eqty 0.02
BRIEF: CDnow is an online retailer of CDs and other
music-related products with over 250,000 different items
available for purchase through its web site. For the 6
months ended 6/30/98, net sales totalled $21.6M, up from
$5.5M. Net loss totalled $18.1M, up from $1.5M. Results
reflect increased sales of CDs and related merchandise due
to continued growth of the customer base and repeat
purchases, offset by higher sales and marketing expenses.
CDnow QUARTERLY SUMMARY
HISTORICAL QUARTERLY RESULTS(Thousands of U.S. Dollars)
REVENUE 1996 1997 1998
1st Qtr MAR 1,128 2,582 10,014
2nd Qtr JUN 1,352 2,965 11,610
3rd Qtr SEP 1,629 3,907
4th Qtr DEC 2,191 7,920
EPS (U.S. Dollars per share)
1st Qtr MAR -0.010 -0.050 -0.770
2nd Qtr JUN -0.010 -0.085 -0.550
3rd Qtr SEP -0.020 -0.220
4th Qtr DEC -0.110 -0.560
All Share amounts prior to IPO are pro forma. FY'94 = 11
months due to 2/94 inception of operations. FY'97 Q's are
being reclassified.
DIVIDENDS EMPLOYEES
Last Dividend Decl. $ NA # Employees 95
Last Div Ex-Date NA Sales/Employee (TTM) 352,116
Last Div Pay Date NA Net. Income/Empl.(TTM) NM
**********************************************************************
N2K Inc. Ticker: NTKI
Complete Financials: June 1998 Exchange NASD
FY END DEC
ISSUE DATA (10/09/98) PER SHARE DATA RATIOS
Price $ 5.25 EPS (TTM) $ -5.17 P/E (TTM) NM
52W High $ 34.63 Div. Rate $ 0.00 Yield 0.00 %
52W Low $ 4.50 Book Value $ 5.99 Price/Book 0.88
Shrs Out 14.22 Mil Cash $ 4.81 ROE (TTM) -101.00 %
Float 10.70 Mil Rev (TTM) $ 2.57 ROA (TTM) -81.75 %
Mon. Vol 7.95 Mil Curr. Ratio 8.85
Beta NA LT Dbt/Eqty 0.01
BRIEF: N2K is an on-line music entertainment company using
the internet as a global platform for promoting, marketing
and selling music and related merchandise. For the 6 months
ended 6/30/98, revenues rose from $2.9M to $17.1M. Net loss
from cont. ops. rose from $9.7M to $30.1M. Revenues reflect
increased CD and Cassette sales produced by others. Higher
loss reflects the amortization of costs related to strategic
alliances and higher advertising and personnel expenses.
N2K Inc. QUARTERLY SUMMARY
HISTORICAL QUARTERLY RESULTS(Thousands of U.S. Dollars)
REVENUE 1995 1996 1997 1998
1st Qtr MAR 0 217 1,116 7,134
2nd Qtr JUN 0 313 1,821 10,004
3rd Qtr SEP 12 447 3,570
4th Qtr DEC 85 679 4,756
EPS (U.S. Dollars per share)
1st Qtr MAR 0.000 -2.010 -1.490 -1.130
2nd Qtr JUN 0.000 -1.270 -1.810 -1.180
3rd Qtr SEP -1.340 -1.160 -1.420
4th Qtr DEC -0.500 -2.060 -1.430
All Preferred Stock converted into Common upon completion
of IPO. 9/95 Summ. Q. = 9M. FY'97 and FY'98 Q's are being
reclassified. 12/97 B/S is restated.
DIVIDENDS EMPLOYEES
Last Dividend Decl. $ NA # Employees 246
Last Div Ex-Date NA Sales/Employee (TTM) 103,512
Last Div Pay Date NA Net. Income/Empl.(TTM) NM |
