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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: Auricman who wrote (8640)	1/5/1999 6:42:00 PM
From: TokyoMex	Read Replies (4) \| Respond to of 8798

I initiated a coverage on a small beaten down stock KNIC ,, I see this as bottom ,, please take a look ,, I understand their new web site will be running soon and it will be the biggest direct from factory jewelry sales via web .. volume has been going nuts lately , KNIC After doing a quick DCF (discounted cashflow) valuation on the company I can tell you the following. I KNIC is able to achieve the following extremely conservative scenario... 1.- reduce SG&A to 45% of revenues (last year was 58%, last 5 yr average was 41%) 2.- grow revenues at and average of 33% for the next few years and 4% on perpetuity (last 4 yrs average growth rate is 101%). 3.- reduce capital expenditures to the average of last 5 yrs (6%, current is 8%). The value of KNIC is at least $5.5 per share. I am surprised the company has not been acquired or received funds from Venture capitalists. knickerbocker.co.th SA is not affiliated with KNIC in shape or form