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Welcome to: Tim's Top Picks 3/23 Sorry I have not replied to those who have e-mailed me. My job has had me on the road and I have just gotten back. Here is a new addition to my list. NWST This stock has recently been subject to an severe over-reaction due to its being moved from the NASDAQ SmallCap market to the OTC market, and is at bargain levels. It dropped as low as 1/4. I got in at 1/2 and it is climbling back up and should break 1.00 in the next couple days. Here is part of a news release from 3/21/00. LOS ANGELES, March 20 /PRNewswire/ -- NewStar Worldwide, the film and television distribution division of NewStar Media Inc. (OTC Bulletin Board: NWST), has acquired all international distribution rights to the romantic comedy, It Had To Be You. ... NewStar Worldwide has also entered into a joint venture with Madness Media to distribute three upcoming television reality series. The first program, Nocturnal, will take a look at some of the world's most amazing and craziest parties. Also acquired is Driven, a series that will probe the mind of the extreme sports athlete and featuring in-depth interviews with some of the world's top extreme athletes. Half-hour pilot episodes have just been completed on both series and NewStar Worldwide has already solidified licenses in several key territories, including Germany. I am still very positive on the three stocks I talked about on 3/9 and here are some updates why. PDGE MONROEVILLE, Pa., March 21 /PRNewswire/ -- PDG Environmental, Inc. (OTC Bulletin Board: PDGE) today announced it has been awarded five contracts in New York City totaling up to $4.6 million. The five awards are unit price contracts with the City of New York Department of Housing Preservation & Development for lead-based paint removal at various locations within the five New York Boroughs. Each contract is for a term of one year with an option to extend for two additional years. I am still holding the same target ranges. AMMB DALLAS, March 22 (Reuters) - Financial services company AMRESCO Inc. said on Wednesday it sold its AMRESCO UK Holdings and related assets to the UK's Leadenhall Group Limited for about $160 million. AMRESCO said in a statement it received about $47 million in cash, which it used to pay down its bank debt, and a $25 million vendor note from the sale.
3/9 PDGE Closed at 1 1/32. PDG Environmental Inc, is the country's third largest asbestos abatement contractor in the country. Third quarter profits were up 400%. PDGE has announce two acquistions which could increase revenues 65% to 40-45 million. Short term look for $3 to $4 while mid to long term targets are $6 to $7. AMMB Closed at 2 1/32. Amresco Inc engages in the business of real estate lending, commercial finance and the acquistion, resolution and servicing of non-performing and underperforming commercial loans. This stock is seriously undervalued with the ratings its multifamily/commercial mortgage pass-thru certificates received today! Look for prices per share to reach $4.25 to $5.00. PMCO Closed at 2 25/32. ProMedCo Management Company. I like this one alot. For the quarter ended December 31, 1999, net revenue was $91.1 million, up 32% from $68.8 million a year ago. For the year ended December 31, 1999, net revenue was $324.5 million, up 46% from $222.5 million a year ago. This stock will not be overlooked much longer and has a target of $6.50 to $7.25. Tim's Top Picks is intended as commentary and not consultation. Please do your own research before investing.
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