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Non-Tech Craig (CRG) - Vulture Pick

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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 The vulture letter you read has many outdated facts.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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To: Andrew who wrote (8)	3/24/1998 2:28:00 AM
From: Paul Senior	of 27

Andrew: When? I'm supposed to remember the date or go digging back through all my files?? Right. Call the co. Maybe around the time of the bump in price and vol. around mid '96. Maybe then. Context was an interview with an investor (don't recall guy or co or fund he was with) - same story - several component parts, sum being worth more than then stock price. Not as much depth of detail analysis as with this latest report.

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To: Paul Senior who wrote (12)	4/16/1998 7:46:00 PM
From: Andrew	of 27

Craig Corp (N-CRG) 10-K is now available on edgar; try freeedgar.com

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