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Stocks B / Beasley Broadcast Group, Inc.
|Subject: Re: BBGI||Date: 2/22/2000 11:16 AM|
|Author: radioresearch||Number: 4 of 10|
"I think the Beasley's need to reinvest some of the money they made off this ipo back into the company and make me some money. "
Their SEC filing says that a big hunk of the money is going to pay off loans the CEO made to the company -- and the rest to paying down debt, so they can borrow
But the 4th quarter is usually radio's best, so we must assume that they had a killer 4th Q booked at the time they went public.
They wouldn't dare report a worse than expected quarter out of the box, would they?
BTW - I'm also long BBGI. Foolish?
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