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Revision History For: Rankin Automotive (RAVE)

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Return to Rankin Automotive (RAVE)

What initially got me interested in RAVE is that it was a $24 stock
about 5 months ago, now trades at $4, AND it has a positive EPS. This
could mean it is currently undervalued. It bottomed out a few weeks
back at $3.25.

Here's some backround :
1) They acquire automotive parts stores throughout the mid-South.
2) About 45 stores.
3) IPO at $10 (Nov. 18,1996.)
4) Sales : $10.7M (2Q97) vs. $7.5M (2Q96). (Majority or sales comes
from wholesale selling to auto parts shops).
5) Same store sales relatively flat for 2Q97 vs. 2Q96.
6) EPS : $0.00 (2Q97) vs. 0.07 (2Q96).