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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Cary C who wrote (10303)	11/16/1998 7:59:00 PM
From: Sergio H	Read Replies (4) \| Respond to of 29382

Cary, I'm sure that you noted CNGR's relationship with Banc One and that one of their business operations offers extended automobile warranty programs. CNGR is a timely stock. They're poised to get a lift from the anticipated Fed rate drop as they're involved in mortgages and credit operations and they're also receiving attention due to their ownership of about $25 million dollars worth of Inktomi. < Under GAAP accounting rules, The Crown Group's published income statements will not recognize any profit or loss from its investment in Inktomi shares until all or part of the investment is sold. However‚ the Company's balance sheet will reflect the market value of the shares at the end of each quarter, until all of the Inktomi shares owned by the Company are sold. Due to the existence of a lock-up agreement between The Crown Group and the underwriters, these securities can not be sold until six months after the initial public offering date.> You already covered the significance of the lock up date, but I thought that the accounting was interesting as well. The Russell 2000 and APCO are both sitting at the bottom of their trading channels and Stochastics is signaling oversold. To illustrate APCO's trading channel, draw a line from the high of 10/26 to the high of 10/29 for the top of the channel and a line from the low of 10/28 to the low of 11/13 for the bottom of the channel. Amigo Sergio

To: Cary C who wrote (10303)	11/17/1998 6:13:00 PM
From: Amigo Mike	Read Replies (3) \| Respond to of 29382

Hi Amigo, CNGR looking pretty good right here. As of July 31st, it appears the Book Value was around 4.02. But by my calculation based on the recent surge in INKT ..... the current BV is in the 6.10 range. In addition, I would expect CNGR to earn ~.36 to .40 for FY 1999. At current prices we have a forward PE of ~12 for FY 99 ending April 30, 1999. Based on the internet investment and strong leverage of capital from the acquired companies .... CNGR is undervalued. CNGR should be $8 - 10 stock now. Amigo Mike