Stock Tickers: BBI, GGC, GTW, FLWS
Arnie Alsin, founder of Alsin Capital Management managed to move several stocks today when he appeared on CNBC around 3:00 PM EST. Normally just a "portfolio manager getting to tout their stocks they are in long-and-wrong on CNBC" is something we won’t cover, but when guys call for doubles or more on TV it makes the stocks get noticed more often than not. Alsin also appears in many publications, so he might get more notice than other Portfolio Managers who are long and wrong.
Georgia Gulf (GGC-NYSE) could run 157% to over $50.00 according to him, it’s at $19.50 now. He thinks its only about 1.5 times EBIDTA and 4-times cash flows. He thinks its a reverse LBO as they are paying down debt.
Gateway (GTW) could go to $5.00, it’s at $1.98 today. He thinks the business has been shrinking and someone could buy it. Alsin thinks that the value is north of $5.50, and after he noted this itran over 3%. I noted this one yesterday after the run in Sun Micro (SUNW) potentially making people look back at this one. It doesn’t matter that I am not a believer.
1-800-FLOWERS (FLWS) could go to $11.00 to $12.00, it’s at $6.88 today. He thinks it has been growing and the cost controls are now the emphasis. Yesterday’s earnings were good and he thinks they’ll grow.
One tease that wasn’t discussed that they may note again was a potential double in Blockbuster (BBI). We’ll see.
Jon C. Ogg
January 25,2007
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