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Non-Tech
Central Parking Systems [NYSE: CPC]

An SI Board Since February 1999

Posts	SubjectMarks	Bans
2	1	0

Emcee: HerbVic	Type: Unmoderated

Introduction Compact

Is this a comeback story? Looks like a 1999 - 2000 high flyer to be. Anyone care to discuss the potential profits to be made here? With all the new cars being made each day, the price of parking in dense downtown metropolis is at a premium. This is a Buffet play if there ever was one. - HerbVic

Recent news:
NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec. 11, 1998--Central Parking
Corporation (NYSE:CPC) today announced that its Board of Directors has
declared a regular quarterly cash dividend of $0.015 (one and one-half cent) per
share for the Company's stock. The quarterly cash dividend will have a record
date of December 31, 1998 and will be distributed to shareholders on January
14, 1999.

NASHVILLE, Tenn.--(BUSINESS WIRE)--Feb. 11, 1999--Central Parking
Corporation (NYSE:CPC) today announced new quarterly highs for revenues and
earnings for the first three months of the Company's 1999 fiscal year.

Total revenues for the three months ended December 31, 1998, totaled $114.8
million, up 63% compared with $70.3 million in the year-earlier period. Operating
earnings for the quarter increased 76% to $15.5 million versus $8.8 million a year
ago. Net earnings for the first quarter increased 57% to $8.9 million compared with
$5.6 million in the year-earlier period, and earnings amounted to $0.30 per diluted
share 1998 versus $0.21 per diluted share in 1997.

NASHVILLE, Tenn.--(BUSINESS WIRE)--Feb. 17, 1999--Central Parking Corporation
(NYSE: CPC) and Allright Holdings, Inc. today announced that in separate meetings the
shareholders of each corporation have approved the agreement pursuant to which Allright
Holdings, Inc. ("Allright") will merge with a subsidiary of Central Parking Corporation.
Shareholders of Central Parking Corporation today also approved an increase in the number
of shares of authorized common stock from 50 million to 100 million.

The merger remains subject to certain closing conditions, including completion of the review
of the merger now underway by the Department of Justice. In addition, several states are
reviewing the transaction from an antitrust perspective. Under terms of the agreement,
Central Parking Corporation expects to issue approximately 7.6 million shares of common
stock to the shareholders of Allright. The shares have been registered with the Securities and
Exchange Commission on Form S-4, and issuance of the shares will be made only by means
of a prospectus. Central Parking Corporation currently has approximately 29.6 million
shares outstanding. Following completion of the merger, Apollo Real Estate Investment
Fund II, L.P. and AEW Partners, L.P., will each be entitled to designate a member of
Central Parking Corporation's Board of Directors that will be expanded from 9 to 11
directors.
Statement by Monroe J. Carell, Jr., Chairman and Chief Executive Officer of Central Parking Corporation:
In terms of
absolute expansion, the number of locations we operate will almost double to approximately
4,700, equating to more than a 50% increase in total parking spaces to approximately 1.6
million.

From the news release company statement:
Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider
of parking services. The Company operates approximately 2,427 parking facilities
containing more than 1,022,000 spaces at locations in 35 states, the District of Columbia,
Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Spain, Germany,
Malaysia, Chile and Mexico. Central Parking Corporation has a business development office
in Amsterdam.

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Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
2	herb....looks like you're pretty lonely here! i like CPC, and i'm addi	R Hamilton	-	3/17/1999
1	>>> Shareholders of Central Parking Corporation today also approved an	HerbVic	-	2/19/1999

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