Thursday, March 15, 2001 9:49:11 AM
Buying some of this today Market Cap 94,000 lots of cash and lots of debt, million float
Cut and Paste from RB Talltrader post:
SKYL: .035 x .045, 1st qtr net .07/share, cash $.56/share
Shares Out 3,055,000
Float 1,100,000 (per MarketGuide)
I spoke to Michael Leeb, president & COO
(212-564-2224 x254, mleeb@skylinenyc.com)
- 1st Quarter Net income $213,000, or $.07/share
- Cash $1,713,000 or $.56/share, NET INCREASE
IN CASH $404,000 from previous quarter.
- They are in a turn-around situation. Previous
CEO Rick Brenner resigned. Their plan to cut
costs is starting to pay off.
- They have not issued any PR's since 3/9/99, but
the new President is looking into starting up
again soon.
- $1.7mil cash will be used for debt, upgrades, and
marketing.
- Christmas season is good for them, they are
doing "phenomenal."
- Stock buy-back program to purchase up to 300,000
shares of common stock.
- They do have a lot of debt, but they are not in
default.
WEB SITES
=========
http://www.skylinenyc.com
http://www.skyride.com
http://www.xsnewyork.com
INFORMATION ON SKYL FROM MARKETGUIDE
====================================
http://www.marketguide.com/mgi/SNAP.asp?nss=www&rt=snap&rn=A0EDF
09/30/2000 10Q filed 11/20/2000
===============================
http://www.freeedgar.com/Search/ViewFilings.asp?CIK=916271&Directory=1013762&Year=00&SEC...
Cash $1,713,000 (.54/share)
NET INCREASE IN CASH 404,000
Cash - July 1 1,309,000
CASH - SEPTEMBER 30 $ 1,713,000
Revenues:
Attraction sales ........................................ $ 2,418,000
Concession sales ........................................ 288,000
Sponsorship income ...................................... 3,000
-----------
2,709,000
-----------
Operating expenses:
Cost of merchandise sold ................................ 118,000
Selling, general and administrative ..................... 1,895,000
Depreciation and amortization ........................... 182,000
-----------
2,195,000
-----------
Income (loss) from operations before interest
income and expense and extraordinary item ............... 514,000
Interest Income ............................................ 19,000
Interest Expense ........................................... (320,000)
-----------
Income (Loss) before extraordinary item .................... 213,000
Extraordinary gain from settlement of liabilities .......... 72,000
-----------
NET INCOME (LOSS) .......................................... $ 285,000
===========
Income (loss) per share of common stock - basic and diluted:
Income (loss) before extraordinary item .............. $ .09
===========
Net Income (loss) ................................... $ .13
Actual NET EPS with all shares .07/share
-As of November 20, 2000, there were issued and
outstanding 2,095,000 shares of Common Stock,
$.001 par value share, 960,000 shares of Class
A Common Stock, $.001 par value per share, and
1,090,909 shares of Series A Convertible
Participating Preferred Stock, $.001 par value
per share.
06/30/2000 10K filed 11/20/2000
===============================
http://www.freeedgar.com/Search/ViewFilings.asp?CIK=916271&Directory=1013762&Year=00&SEC...
The Board of Directors approved a stock buy-back program where
the Company is authorized to purchase up to 300,000 shares of
common stock. As of June 30, 2000, the Company has purchased
110,000 shares which is reflected as treasury stock.
-On December 22, 1994, the Company commenced operations of
its first attraction, New York Skyride
-On December 27, 1996, the Company commenced operations,
through SVR, of an interactive virtual reality entertainment
center, XS New York
EMPIRE STATE BUILDING OBSERVATORY
ADMISSION TICKET SALES (000'S)
YEAR 1995 1996 1997 1998 1999
---- ---- ---- ---- ----
TOTAL ATTENDANCE 3,350 3,350 3,675 3,614 3,617
NOT A RECOMMENDATION TO BUY OR SELL SKYL. I OWN SHARES IN SKYL.
Cut and Paste from RB Talltrader post:
SKYL: .035 x .045, 1st qtr net .07/share, cash $.56/share
Shares Out 3,055,000
Float 1,100,000 (per MarketGuide)
I spoke to Michael Leeb, president & COO
(212-564-2224 x254, mleeb@skylinenyc.com)
- 1st Quarter Net income $213,000, or $.07/share
- Cash $1,713,000 or $.56/share, NET INCREASE
IN CASH $404,000 from previous quarter.
- They are in a turn-around situation. Previous
CEO Rick Brenner resigned. Their plan to cut
costs is starting to pay off.
- They have not issued any PR's since 3/9/99, but
the new President is looking into starting up
again soon.
- $1.7mil cash will be used for debt, upgrades, and
marketing.
- Christmas season is good for them, they are
doing "phenomenal."
- Stock buy-back program to purchase up to 300,000
shares of common stock.
- They do have a lot of debt, but they are not in
default.
WEB SITES
=========
http://www.skylinenyc.com
http://www.skyride.com
http://www.xsnewyork.com
INFORMATION ON SKYL FROM MARKETGUIDE
====================================
http://www.marketguide.com/mgi/SNAP.asp?nss=www&rt=snap&rn=A0EDF
09/30/2000 10Q filed 11/20/2000
===============================
http://www.freeedgar.com/Search/ViewFilings.asp?CIK=916271&Directory=1013762&Year=00&SEC...
Cash $1,713,000 (.54/share)
NET INCREASE IN CASH 404,000
Cash - July 1 1,309,000
CASH - SEPTEMBER 30 $ 1,713,000
Revenues:
Attraction sales ........................................ $ 2,418,000
Concession sales ........................................ 288,000
Sponsorship income ...................................... 3,000
-----------
2,709,000
-----------
Operating expenses:
Cost of merchandise sold ................................ 118,000
Selling, general and administrative ..................... 1,895,000
Depreciation and amortization ........................... 182,000
-----------
2,195,000
-----------
Income (loss) from operations before interest
income and expense and extraordinary item ............... 514,000
Interest Income ............................................ 19,000
Interest Expense ........................................... (320,000)
-----------
Income (Loss) before extraordinary item .................... 213,000
Extraordinary gain from settlement of liabilities .......... 72,000
-----------
NET INCOME (LOSS) .......................................... $ 285,000
===========
Income (loss) per share of common stock - basic and diluted:
Income (loss) before extraordinary item .............. $ .09
===========
Net Income (loss) ................................... $ .13
Actual NET EPS with all shares .07/share
-As of November 20, 2000, there were issued and
outstanding 2,095,000 shares of Common Stock,
$.001 par value share, 960,000 shares of Class
A Common Stock, $.001 par value per share, and
1,090,909 shares of Series A Convertible
Participating Preferred Stock, $.001 par value
per share.
06/30/2000 10K filed 11/20/2000
===============================
http://www.freeedgar.com/Search/ViewFilings.asp?CIK=916271&Directory=1013762&Year=00&SEC...
The Board of Directors approved a stock buy-back program where
the Company is authorized to purchase up to 300,000 shares of
common stock. As of June 30, 2000, the Company has purchased
110,000 shares which is reflected as treasury stock.
-On December 22, 1994, the Company commenced operations of
its first attraction, New York Skyride
-On December 27, 1996, the Company commenced operations,
through SVR, of an interactive virtual reality entertainment
center, XS New York
EMPIRE STATE BUILDING OBSERVATORY
ADMISSION TICKET SALES (000'S)
YEAR 1995 1996 1997 1998 1999
---- ---- ---- ---- ----
TOTAL ATTENDANCE 3,350 3,350 3,675 3,614 3,617
NOT A RECOMMENDATION TO BUY OR SELL SKYL. I OWN SHARES IN SKYL.
With trading you must conquer your emotions and be very disciplined about your goals.
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