American Banknote (ABN) - Major Turnaround

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Non-Tech
American Banknote (ABN) - Major Turnaround

An SI Board Since June 1997

Posts	SubjectMarks	Bans	Symbol
37	0	0	ABN

Emcee: stephen allen	Type: Unmoderated

Introduction Market Data Compact

Morris Weissman has led this company to an amazing turnaround. Earnings are growing substantially. This quarter management is guiding investors to .10-.12 up from .07 last year. The third qtr estimate is .13-.15 and the 4th qtr is .14-.17. Last weekk ABN announced a deal with TeleBras for the installation of 25,000 phones and pre-paid phone card for a provence in China. This could lead to phone instalations for most of the country. They also announced an extension of a contract in Brazil with TeleBras and the initial contract with 2 states in Brazil. These two contracts alone are worth 35 million dollars. Weisman also told a group of investors of the possibility of taking the 78% owned Brazilian Sub public within the next 12 months. Investment Bankers have told him the sub would be worth 250-300 million in an IPO in Brazil. Bradesco the largest bank in Brazil owns the other 22%. If ABN sold 18% of they could raise 45 million and maintain a 150 million piece of stock. The same could be done with the Australian sub and raise around 30 million cash and have 80 million in Stock. The Holograph division presents another interesting option in an outright sale it is said to be worth 80-115 million. All or some of these together makes this leveraged company very interesting. There is also about 15 million in cash and archives worth another 10 million that could be converted to cash very easy. This gives a value of around 11-13 for a stock trading at 5. The bonds have gone from low 50's to over par so the credit guys have already figured it out. The stock at $5.00 is on the verge of breaking out. This looks to be a very interesting situation.

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Reply	Message Preview	From	Recs	Posted
37	Can you say BK? go2net.newsalert.com <i>The Company believes that its f	Pierre	-	5/3/1999
36	Anybody have any fresh information about ABN - it seems this message board has	Jack Galt	-	5/3/1999
35	Thanks. Guess he is trying for 2,000,000 shares? DD	Due Diligence	-	12/30/1998
34	RELATED SYMBOLS: (ABN) WASHINGTON, DC, Dec. 29, 1998 (States via COMTEX) -- Mo	Pierre	-	12/30/1998
33	Anyone see the release on ABN, today. Have a alert on my real-time, but can'	Due Diligence	-	12/29/1998
32	Maybe, now is a good time? DD	Due Diligence	-	12/13/1998
31	STILL TIME TO BUY IN. 11/16/98 UP 1/2	ProCaddy	-	11/16/1998
30	Care to be a little more informative?	CMon	-	9/21/1998
29	NOW IS THE TIME TO BUY.	ProCaddy	-	9/19/1998
28	It was in the WSJ last Thursday. I believe he bought 170,000 more shares.	dacoola	-	4/15/1998
27	From my broker. He seems to pay particular attention to Teo's activities.	Pierre	-	4/14/1998
26	Where do you "hear" this from ?	Jayne Furman	-	4/13/1998
25	I hear Teo is buying again. What's up? Pierre	Pierre	-	4/9/1998
24	I am looking for the bottom to fall out of this one monday.There projected earn	nosebush	-	1/10/1998
23	If anyone is still following ABN, it seems to have staged a mild turnaround the	Dale Baker	-	11/15/1997
22	43% of revenue from brazil therefore, expected refinancing of current high coup	CMon	-	11/6/1997
21	what,s wrong with this stock?Only 2 posts in 7 weeks&a steady downward tren	nosebush	-	11/6/1997
20	Is anyone still interested in ABN? Haven't been any posts in a while. The	William JH	-	10/13/1997
19	Insider Buying: Weissman buys 7700 shares of ABN between May and Aug (3 1/2 - 5	Jayne Furman	-	9/23/1997
18	If you read the S-3 you would find warrants converted into common and the stoc	stephen allen	-	9/17/1997
17	Stephen - I read in the ABN SEC filing of 8/22/97 that a Stephen Allen filed to	William JH	-	9/12/1997
16	sold at 6 11/16...with the s3 i figured the stock will remain in these levels f	Sanjay Upadhyaya	-	9/9/1997
15	s3 was filed on 8/22/97 the are offering 2+ million share offering...anyone any	Sanjay Upadhyaya	-	9/9/1997
14	Thanks for the info. I wonder if the 25c per share interest savings is figured	William JH	-	8/30/1997
13	Stephen... Having been lurking on this thread for sometime and want to add my 2	Tim J. Flick	-	8/27/1997

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