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Technology Stocks : Sports Group International (SPGK) Coverage has been issued -- Ignore unavailable to you. Want to Upgrade?

To: kiethrae who wrote (41)	6/8/1999 2:09:00 AM
From: Safe Cents	Read Replies (2) \| Respond to of 50

I think the $6.5 mil @ $10,00 a share preferred, translates to $5.00 a share common. That would be very beneficial for the company. I think their latest PR firm might be finally done selling. If they're out of stock we can finally start moving up. The new locations will bring anticipated revenues this year to $53 mil with earnings of $2 to $3 million. With 6.5 mil shares outstanding that is earnings of $.53 a share. At a 10:1 P/E your looking at a $$5.00 stock. Relistically in this industry P/E ratios of 20:1 to 40:1 are the norm. Do the math and you come up with $20 a share. A 20 bagger in 6 months. Now that would be impressive.