rolcentral,
yeah, atleast i got in. it's better to arrive let to a great party than not at all, right?
spea was bittersweet for me. i had no available funds to throw into the company, but that is not the reason why it was tough for me to watch. i worked at a private club where sillerman is a member, and i wished i asked him if he had anything in the hopper... even though he would have likely said nothing (for obvious reason) if he had.
here's an excerpt from message #901 (3/8/05) on the caredecision board:
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in december i mentioned that last year i worked at a golf club in the hamptons where sillerman (spea/ckxe) is a member. it never occurred to me to ask him if he had anything on the horizon, considering that he was "retired." it likely would have been inappropriate if i had asked under the wrong circumstances. nonetheless, i nearly cried when i saw the stock rocket. i had no money to invest, so i just watched the green numbers get bigger and bigger and bigger. the man is a marketing genius, which is partly why i think that the current price of $16.75 is a bargain. with a market cap of just over $70 million, i don't think that a double bagger in the next year is out of the question. in fact, you could see the stock triple without a problem. sillerman can turn a dime into a dollar, and he has the panache, pull, and savvy to accomplish some amazing stuff. it should also be noted that he is a member of a golf club where there are several members who are in the media industry. i won't mention specific names, but one member is the publisher/editor/chairman of a couple connoisseur magazines, another is the manager of a media investment fund, another was the head of a (maybe THE) major rap/r&b label before leaving to become the chairman & ceo of u.s. recorded music for one of the 2 or 3 largest music publishing outfits, and another member who is the ceo of the largest independently owned and operated radio network in america.
i must admit, though, that i have absolutely no evidence that states that the other members of the club who are in the media domain have formed a partnership or even a friendship with sillerman. all i do know is that the club has an inordinate amount of media-related powerbrokers. sillerman does not do anything on a small scale. he is not looking to be silent. sillerman almost single-handedly created the field of cross-marketing goods and services with concerts, which in turn deepened his pockets and the artists' pockets at the expense of the concertgoers pockets.
anyway, i'm not saying that one should buy ckxe stock, but i am saying that there are worse investments.
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again, i'm not a financial guy. i'm young and learning... slowly. what piques my interest in mjet are the names: sillerman, guez, and elvis. if sillerman is on board with this (again, i'd think he'd have to be if the deal was made in october), i have little doubt that mjet will go through the roof, providing that the merger is carried out. i look at inno and recognize that the company has a market cap of $150 million, which appeals to me greatly because mjet is projected to have similar sales figures and a similar outstanding share count (mjet: 21 million; inno: 30 million; mjet's will likely grow due to some dilution, right?). right now, innovo, another guez business, is a $5. as long as the merger is carried out, the sky looks blue for mjet.
goosemeister@hotmail.com
