Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Frost Byte who wrote (42992)	1/14/1999 7:03:00 AM
From: Tom Latham	Read Replies (2) \| Respond to of 119973

Old news for background; Crown Group Sells 45% of Its Inktomi Investment for $11 Million Profit Business Wire - December 17, 1998 17:30 DALLAS--(BUSINESS WIRE)--Dec. 17, 1998--Crown Group, Inc. (Nasdaq:CNGR) today announced that it has sold 100,000 shares of Inktomi Corporation (Nasdaq National Mkt:INKT) common stock, for net proceeds of approximately $120 per share, in a series of private transactions over the past several days. The transactions generated proceeds of approximately $12 million and result in a pretax gain of approximately $11 million. Crown purchased a total of 222,222 shares of Inktomi common stock in a private transaction in February 1998, prior to Inktomi's initial public offering in June 1998. Crown continues to own 122,222 shares of Inktomi common stock * Now with 9 1/2 million shares outstanding that is appx $1.25 potential earnings THIS Quarter........... Here is the $64 question, Did they sell the OTHER 122,000 shares on the last $160-170 price run-up??????????????? INKT earnings today. If they sold more shares on the run-up there will be in excess of $2.50 per share gain this Q....... Take in consideration that CRGN (CROWN GROUP) share price is 6 1/8. Etrade showing rev growth of 600%, trailing pe 27. Figure the forward pe with no more sells could get as low as 4, if the last shares were sold and they broke even on the rest of their business pe could be less than 3, excluding taxes which may push these ratios up by 30%. **Food for thought and my opinion only...