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Pertinent Data Float 6.5 million Outstanding 9.5 million Just strongly broke through 52 week high Balance Sheet No long term debt $6-7 million in cash, currently Company is an investment company with ownership of both private and public companies. Owns 49% of Casino Magic- Argentine Casino Owns 53% of Paaco - Car Dealerships just aquired and profitable Owns 79% of Concorde- sub-prime mortgage lender Owns 80% of companies engaged in selling bulk containers Owns 222,222 of Inktomi ALL OPERATIONS are now profitable and they will report a profit on or about May 30th and should have earnings of over .35 next year. Reasons to buy now: 1) They own 222,222 of Inktomi, a search engine creator at a basis of about $4.50 per share. The company is going public around the 25th of May and the starting price should be over $20 per share. It is expected to double or triple from there on the opening day. This will create a huge gain for Crown. 2) The analyst who covers the stock will issue a strong buy recommendation on the week of May 18-22 with a price target of $12 per share. They will send that info to over 8000 investors, brokers and analysts. 3) 4th quarter earnings will be hafty and will reflect a revenue increase of over 1000% from profitable aquisitions. Revenues for next year should be over $80 million. 4) Road shows are planned soon to get the word out on the company. Current Price is $4.56, it just broke out of its 52 week high and next resistance is over $6. Check this company out. | ||||||||||||||
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