To: wallstreeter who wrote (4086 ) 4/7/1999 3:41:00 AM From: Safe Cents Read Replies (1) | Respond to of 4767
OK,I'm taking over. ETPI's book value is 23 cents a share. That is the price of the company if you liquidated it like a garage sale. Most companies usually sell at multiples of earnings. Oh well, one thing for sure, the risk level is almost non-existant at these prices. That isn't bringing in the buying though. Earnings will. Through my research I believe that ETPI will break even in the 2nd quarter and will be solidly in the black in the 3rd quarter. The web sites have made $400,000 in revenues in their first full quarter. The catalog requests are pouring in. Now some company news... contracts were signed to provide Entertainment Services to David Monthon AFB for enlisted men and officers and RAF Lakenheath base in England. Now a rumor... The acquisition on the Galveston deal is done, but financing requires a certain stock price. Today's price is obviously undervalued, but what is, is. For now. ETPI's goal... and mine, a slow and steady rise to make a base at the 50 cent range. A realistic level. The acquisitions will then occur, 1 maybe 2, that will take us to 75 cents. 2nd quarter earnings will come out and I believe we can then get over $1.00. Then 3rd quarter earnings can get us to $1.50. (I never authorized "buy to $4.50") Roadblocks... Many people holding at .50 and .75 might bail when we get to those levels. Realistic projections will bring us in buying that will overcome any profit taking or dumping. I vow to hold my shares until we get to $1.50 and there is at least 50,000 to 100,000 average volume. Don't count on Plank or any other PR firms that were previously involved. The company is still blue skyed so brokers can get their clients in. I want a slow steady rise not a manic eruption and fallback. MM consultations will achieve that goal. All I can tell you is be patient, ETPI will be in business 20 years from now. Earnings will move the price and earnings are the main focus. 30 cents to $1.50 is 500%. It can be done. financialsolutionsweb.com