Monday, January 29, 2007
We have 24 APC Freedom theaters open, with 7 more in Phase 3 of construction, scheduled to open in May, 2007.
1020 APC Liberty second run theaters are open, with 1 closed due to hurricane damage and/or lack of population due to storm damage. 50-125 more will open during 2007 that are currently under our ownership.
Still looking at "cinema cafes", have plan in place, but will not begin until Liberty division has little room for further growth.
Our 3 year plan involves having about 1200-1400 Libertys open, along with 75-100 Freedoms, with less than 50 of our proposed cafe style theaters.
Opened a financial services business in 11/05, 4 mutual funds began business in 1/1/06. As of 12/31/06 they had $110M in invested funds. Started 4 new funds 1/1/07.
Will begin a educational/motivational lecture circuit in March.
As of 1/1/07, stock price was $58.63, earnings estimate of $2.65 a share for fiscal year ending May of 2007.
We will be splitting our stock on 2/5/07, and as before, in a 3-1 method. We will also be having our first annual shareholder's meeting in St. Paul, MN, from 6/11-6/13. We will be discussing the future of the company each day from 9AM-2PM at the Exel Energy Center, and then the rest of each day will be filled with trips to the Mall of America, Valley Fair, the WNBA Lynx, MLB's Twins, and outdoor visits to beautiful Minnesota.
Each of our theater managers will be invited along with 3 of their associates, to be determined at theater level for an all-expenses paid vacation...each will be allowed one guest. Each associate will be given $2K to spend as they wish, and will be allowed to petty cash their hotel room at theater level, up to $125 a night. Plane tickets will be set up by the DM.
We remain a debt-free company, and have no plans to change that aspect of our business.
1020 APC Liberty second run theaters are open, with 1 closed due to hurricane damage and/or lack of population due to storm damage. 50-125 more will open during 2007 that are currently under our ownership.
Still looking at "cinema cafes", have plan in place, but will not begin until Liberty division has little room for further growth.
Our 3 year plan involves having about 1200-1400 Libertys open, along with 75-100 Freedoms, with less than 50 of our proposed cafe style theaters.
Opened a financial services business in 11/05, 4 mutual funds began business in 1/1/06. As of 12/31/06 they had $110M in invested funds. Started 4 new funds 1/1/07.
Will begin a educational/motivational lecture circuit in March.
As of 1/1/07, stock price was $58.63, earnings estimate of $2.65 a share for fiscal year ending May of 2007.
We will be splitting our stock on 2/5/07, and as before, in a 3-1 method. We will also be having our first annual shareholder's meeting in St. Paul, MN, from 6/11-6/13. We will be discussing the future of the company each day from 9AM-2PM at the Exel Energy Center, and then the rest of each day will be filled with trips to the Mall of America, Valley Fair, the WNBA Lynx, MLB's Twins, and outdoor visits to beautiful Minnesota.
Each of our theater managers will be invited along with 3 of their associates, to be determined at theater level for an all-expenses paid vacation...each will be allowed one guest. Each associate will be given $2K to spend as they wish, and will be allowed to petty cash their hotel room at theater level, up to $125 a night. Plane tickets will be set up by the DM.
We remain a debt-free company, and have no plans to change that aspect of our business.
