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Non-Tech Craig (CRG) - Vulture Pick

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To: ccportfolio who wrote ()	3/1/1998 12:14:00 PM
From: Paul Senior	of 27

Yes, and written up there in Barron's about year ago when stock was at 13 also. I didn't have expertise or patience to figure it out as a buy then either -g-. Note: regarding "Back then you could actually buy a stock for less than the cash on it's balance sheet." If the implication is that now that is not possible to do - there are no such stocks, that would be incorrect. There are still today a few such companies which sell for net-net value as defined by Graham and/or cash more than stock price. Paul Senior

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To: ccportfolio who wrote ()	3/1/1998 10:43:00 PM
From: SG	of 27

I got same letter. Oddly enuf, CRG is zooming up as we speak. Did that many people get this letter or is it truly a rising vulture? I think I graphed the others too but this one seemed to be doing the best. SG

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To: SG who wrote (3)	3/2/1998 1:49:00 PM
From: ccportfolio	of 27

I had put in a buy order at 11.00...but seem to have flown past that... Think I'll sit this one out for the moment..... Lynndal

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To: ccportfolio who wrote (4)	3/2/1998 10:09:00 PM
From: SG	of 27

I know, but it makes you want to check out the other vulture picks! Was it coincidence or was this stock terribly underpriced?

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To: SG who wrote (5)	3/3/1998 3:04:00 PM
From: ccportfolio	of 27

I agree..... Craig was up again this morning.... but I haven't followed the other picks...as closely. Sure wouldn't mind seeing a sample issue of The Vulture Letter though....

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To: ccportfolio who wrote ()	3/23/1998 2:45:00 PM
From: Andrew	of 27

I have followed and owned Craig (CRG) for years, (in particular the Craig Corp Class A common preference stock (CRG.pr [symbol varies depending on your system]). The vulture letter you read has many outdated facts. However, the general opinion that the stock is cheap is probably correct. There has been an extensive discussion of it on yahoo message board and there is some discussion of its operating company affiliate Reading Entertainment (RDGE) here on SI

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To: Paul Senior who wrote (2)	3/23/1998 2:51:00 PM
From: Andrew	of 27

When and in what context was Craig corp (CRG) written up in Barron's year ago? It was in 13-D's (ours) but I don't recall someone mentioning it, let alone explaining it as this interview did.

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To: SG who wrote (3)	3/23/1998 2:53:00 PM
From: Andrew	of 27

Vulture Letter received unsolicited by many of my friends last week of February.

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To: ccportfolio who wrote (4)	3/23/1998 3:00:00 PM
From: Andrew	of 27

Craig Corp class A common Preference still near $11/share and its economically identical to common stock trading over $12/share. Mgmt has said on several instances, there is no reason for the stocks to trade at different values. In fact, the spread is one reason for the special stock distribution in January. If the spread widens further, look for shareholders to request similar split like distribution again. Eventually people will learn that preference is more liquid piece of identical paper.

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To: SG who wrote (5)	3/23/1998 3:02:00 PM
From: Andrew	of 27

terribly underpriced- see barron's interview 3/2/98 and also enlightening discussion on Yahoo message board.

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