In January of 1996, Anti-Grunge Networks, Inc., owner of the Anti-Grunge Channel, issued its initial public offering of 10,000,000 shares of common stock at a price of $15 per share. The company retained an additional 20,000,000 shares of common stock in its corporate treasury, making the value of the company at the time $450 million. Almost all analysts immediately rated the company a "buy."
Rocco Martini of Jennings, Miller, and Werth: "The Anti-Grunge Channel is one cable channel that I think has much greater growth potential than almost all the others combined. Its prospects in the short-term are negligible, but in the long run I think people really will want to stop dressing down, and they'll want a place for authoritative information on how to dress like ladies and gentlemen. I emphatically say 'BUY!'"
Alexandra MacArthur of International Market Monitor and Report: "Until a few weeks ago, I had never heard of Anti-Grunge Networks, but clients started calling me and demanding information on it. My research shows that the anti-grunge movement is gaining strength, and the Anti-Grunge Channel is strategically positioned to take maximum advantage of this trend the moment it begins to blossom. Grunge is definitely a relic of the past. I am now recommending AGN to my clients and I have a few thousand shares in my own account. Get in on the ground floor-- buy now."
Clocker Ed of the Chicago Racing Daily: "Anti-Grunge Networks has been going strong recently and with some luck should be a factor in the late stages of the coming year. My top pick."
Madame Helena of Clear Futures, Ltd.: "I see a rosy future for AGN. She will meet a handsome suitor who will offer her a large amount of money for her hand in marriage. Many of her friends and relatives will share in this unexpected windfall. I would buy as many shares of AGN as I can afford."
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