AUGUST 22, 2005
CORPORATE INFO:
WEBSITE: www.bellind.com
corporate phone #. 310-563-2355
employees---750
shareholders--950
exchange---AMEX--BI
52-week range--$1.98-$3.70
Book value---$2.50
Cash/sh ---- $1.00
debt--0
shares outstanding--8.46 million--float 7.46 million
NOT ONLY A CHEAP STOCK BECAUSE OF EARNING POTENTIAL, BUT ALSO A GREAT CANDIDATE AS A BUYOUT TARGET! CONSIDER: @ A $4.00 BUYOUT PRICE THE SUITOR COULD USE THE $8.5 THAT THE COMPANY HAS IN THE BANK--SO NOW THE COMPANY ONLY COSTS $3/SH
IF WE ASSUME THAT A SUITOR ATTEMPTS TO
TAKEOVER (BI) @ $4.00/SH --HE REALLY GETS IT
FOR ONLY $3.00 BECAUSE OF MONEY WITHIN THE
BANK! THE COMPANY ALSO HAS LAND ON THE
BOOKS THAT COULD BE SOLD THAT IS ALSO ON THE
BOOKS FOR THE CHEAP!
AT A $4.00 TAKEOVER PRICE THE COMPANY IS STILL
BEING STOLEN @ 25% OF SALES!
SO 100%
ABOVE THE CURRENT LEVEL-THIS STOCK IS STILL
VERY CHEAP!
CONCERNING EARNING: THE COMPANY JUST
REPORTED .11 FOR THE 2ND Q OF 2005 - SINCE WE
BELIEVE THAT THE ECONOMY CONTINUES TO GROW
@ A 3.5-4% CLIP-THAT BI WILL CONTINUE TO
PROSPER. MANAGEMENT CONTINUES TO REDUCE
EXPOSURE TO LOW MARGIN BIZ AND CONTINUES TO
STREAMLINE THE OPERATION.
IN OUR OPINION: BI COULD EARN .25 FOR 2005-THIS
GIVES US A PE OF 8!
EVERY THING ABOUT THIS STOCK INDICATES TO US
THAT THERE IS VERY LITTLE DOWNSIDE RISK
CONCERNING (BI)! THE COMPANY IS LISTED ON A
MAJOR EXCHANGE, UNKNOWN AND TRULY
UNDERFOLLOWED, HAS NO DEBT, TRADES BELOW
STATED BOOK VALUE, HALF OF THE SHARE PRICE IS
IN CASH ($1.00), EXTREMELY LOW PSR (.13), LOW
MANAGEMENT CONTROL FOR EXTREMELY EASY
TAKEOVER, LOOKS LIKE TO US THAT BI IS FINALLY
IN A EARNINGS TURNAROUND, THE STOCK TRADES
NEAR ITS 52-WEEK LOW AND THE REAL RISK IN (BI)
IS NOT OWNING IT! FOR IF YOU ARE NOT IN YOU
CANNOT PLAY!
http://www.bellind.com
STOCK RECOMMENDATIONS FROM AUGUST 2004-2005
OUR STOCK SELECTIONS SPEAK FOR THEMSELVES!
WITHIN THIS LIST WE ONLY WILL REPORT ON FULLY
REPORTING ISSUES THAT FILE WITH THE
SEC.
EACH STOCK WILL DETAIL A RECOMMENDATION
NEXT TO THE SPECIFIC STOCK SYMBOL. WE THANK
ALL OF YOUR THAT HAVE CALLED AND SHOWN YOUR
APPRECIATION FOR OUR QUALITY SELECTIONS
DURING THE PAST 12 MONTHS.
