As filed with the Securities and Exchange
Commission on May 12, 1995
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-Q
(Mark One)
X Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the quarterly period ended March 31, 1995
or
Transition Report Pursuant
to Section 13 or 15(d) of theSecurities Exchange Act of 1934 For the Transition
Period From _____________ to ____________
For Quarter Ended March 31, 1995Commission File Number 0-9667
BULL & BEAR GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 13-1897916
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
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11 Hanover Square, New York, New York 10005
(Address of principal executive offices)(Zip Code)
212-785-0900
Company's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months and (2) has been subject to such filing
require- ments for the past 90 days. Yes X No
The number of shares outstanding of each of the registrant's classes of common
stock, as of April 30, 1995 were as follows:
Class A Common Stock non-voting, par value $.01 per share - 1,503,152 shares
Class B Common Stock voting, par value $.01 per share - 20,000 shares
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BULL & BEAR GROUP, INC.
FORM 10-Q
FOR THE QUARTER ENDED MARCH 31, 1995
INDEX
Page
Number
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Consolidated Balance Sheets
- - (Unaudited) March 31, 1995 and December 31, 1994 3
Consolidated Statements of Income (Loss)
- - (Unaudited) Three Months Ended March 31, 1995 and March 31, 19944
Consolidated Statements of Changes in Shareholders' Equity
- - (Unaudited) Three Months Ended March 31, 1995 and March 31, 19945
Consolidated Statements of Cash Flows
- - (Unaudited) Three Months Ended March 31, 1995 and March 31, 19946
Notes to Consolidated Financial Statements (Unaudited)7
Item 2. Management's Discussion and Analysis of Financial Condition
and Results of Operations12
PART II. OTHER INFORMATION
Item 4.Submission of Matters to a Vote of Security Holders During
First Quarter of the Year Ended December 31, 199513
Item 5. Article 5 of Regulation S-X
Commercial and Industrial Companies
Item 6.Exhibits and Reports on Form 8-K13
Management's Representation and Signatures14 BULL & BEAR GROUP, INC.
There are no exhibits and no reports on Form 8K that were filed during the
period.
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<PAGE>
MANAGEMENT'S REPRESENTATION
The information furnished in this report reflects all adjustments which are,
in the opinion of management, necessary to a fair statement of the results of
the period.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Company has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
BULL & BEAR GROUP, INC.
Dated: May 12, 1995 By:/s/ William K. Dean
William K. Dean, CPA
Treasurer, Chief Accounting Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the Company and in
the capacities and on the date indicated.
Dated: May 12, 1995/s/ Bassett S. Winmill
Bassett S. Winmill
Chairman of the Board,
Director
Dated: May 12, 1995/s/ Robert D. Anderson
Robert D. Anderson
Vice Chairman, Director
Dated: May 12, 1995/s/ Mark C. Winmill
Mark C. Winmill
Co-President,
Chief Financial Officer, Director
Dated: May 12, 1995/s/ Thomas B. Winmill
Thomas B. Winmill, Esq.
Co-President,
General Counsel, Director
Dated: May 12, 1995/s/ Edward G. Webb, Jr.
Edward G. Webb, Jr., Director
Dated: May 12, 1995/s/ Charles A. Carroll
Charles A. Carroll, Director
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<ARTICLE>5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JAN-01-1995
<PERIOD-END> MAR-31-1995
<CASH> 1,353,287
<SECURITIES> 1,210,287
<RECEIVABLES> 402,951
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 376,924
<PP&E> 1,024,969
<DEPRECIATION> (24,499)
<TOTAL-ASSETS> 4,343,919
<CURRENT-LIABILITIES> 315,456
<BONDS> 0
<COMMON> 6,513,028
0
0
<OTHER-SE> (2,484,565)
<TOTAL-LIABILITY-AND-EQUITY> 4,343,919
<SALES> 0
<TOTAL-REVENUES> 1,292,575
<CGS> 0
<TOTAL-COSTS> 1,159,159
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 133,416
<INCOME-TAX> 19,652
<INCOME-CONTINUING> 113,764
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 113,764
<EPS-PRIMARY> 0.07
<EPS-DILUTED> 0.07
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