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Non-Tech : Craig (CRG) - Vulture Pick

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To: John B. Williams who wrote (1)1/5/1999 12:55:00 PM
From: Andrew  Read Replies (1) of 27
 
Lawndale increases its 13-D position in Craig Corp.

In a filing with the SEC today, Lawndale Capital Mgmt amended its Craig Corp (N-CRG) 13-D filing boosting Lawndale's ownership in Craig Corp Class A Common Preference Shares (N-CRG.pr) to over 7.5%.

Craig Corp., is a Los Angeles, CA-based holding company that owns a substantial majority interest in Reading Entertainment (O-RDGE), a company with rapidly growing movie theater exhibition operations in Puerto Rico, New York City, Australia and New Zealand.

As stated in item 4: currently trading below book value
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