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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Trader J who wrote (7997)2/6/1999 7:46:00 PM
From: Trader J  Respond to of 56535
 
SPGLA - Good intermediate to long term hold. I like the prospects going forward here. Decent increase in same store sales, should be profitable, perhaps, this year and constant rumors of a takeout.

Tj



To: Trader J who wrote (7997)2/6/1999 8:06:00 PM
From: steve brooks  Read Replies (1) | Respond to of 56535
 
TJ: LANV I saw that one this afternoon as well and here is some quick DD.

Float 2.6m
Oustanding shares 8.8m

Firday's volume was 1.8m shares and the stock rose 2.25 intra day the range was even larger. The average volume on this stock over the past 3-mos has been about 30 per day.

They announced another deal with Detroit medical Center on 2/4.

On 12/2 they retained Oppenheimer to as an advisor to investigate opportunities to increase shareholder wealth. Since insiders own 70% of the stock, seams like a good move on their part. Institutions own about 24%.

On the down side they bleed red ink. For the 9 months ending 9/30 they lost $93/share.

That's all I have time for now. Back to tax returns UGH!!

Good Luck