Jeffrey or other volunteer!
Please enter NRPI in the Daily Stock Picking Contest for Monday Aug. 16th, 1999.
NRPI - Copper Master - Float 193K - .385 x .41 - CNBC Spotlight / Blockbuster News Expected Today!!!
NRPI is being featured by CNBC in one of its programs. Many strongly believe NRPI will release information regarding this feature on Monday during market hours (most likely before 12:00 noon EST). If you go back to Friday you will learn that the share volume was the HIGHEST EVER for NRPI (1.8 million), which was more than the entire public float as there were virtually only a few sells and basically ALL buys for the day.
The last company featured on CNBC went from 3/8 to $3.00 in 2 days. "Millions watch this program" and the float should become SO negative that there is no telling how high we will climb. With being at about 40 cents and the 52-week high being $7.50, we can venture to predict arriving closer to the 52-week high shortly with the anticipated attention NRPI will get.
This pick was also just chosen at greatstockpicks.com as their "Current Pick".
Here is some DD:
Company Name: NATIONAL REHAB PROPERTIES INC.
Exchange: (OTC BB)
Symbol: NRPI
Recent Price: 0.41
Avg.Volume 97,500
52-week Range : 19/64 - 7 1/2
Outstanding Shares: 3,000,000
Float: 200,000 Approx. estimated.
Phone (305) 573-8882
Fax (305) 571-8375
pagelot.com
realtyrich@aol.com
Summary:
National Rehab Properties, Inc. builds homes and rehabilitates homes for the "first time homebuyer" in the mature established residential neighborhoods of Florida. NRPI is based in Marion County, Florida. The company has an office in Miami, Florida where it is currently building 100 houses which the company expects to finish in 1999. As a public company, NRPI is traded over-the-counter as a bulletin board stock under the symbol NRPI. NRPI has several large multi-million dollar projects in progress.
Rumors:
Strong rummors from various sources that the press release on Monday NRPI will be releasing not only the CNBC scheduled "spotlight" information, but important information regarding its SB2 as well.
Details regarding a program being aired on CNBC should be included in this press release. The last company featured in this program went from 3/8 to $3.00 in 2 days. Millions will view the program.
More deals like the last four in the news releases are also expected shortly.
What the company is doing:
NRPI specializes in investing and revitalizing established older residential neighborhoods. The company either buys vacant lots and builds a single family home, or buys an abandoned house and renovates it. In either case, NRPI then sells the home at a sizeable profit.
The Company owns lots in Miami and is building 17 single family homes on the lots, some of which are presold. The Company plans on building 100 similar homes in Miami in the next 12 months and is purchasing lots to do so. The mortgage funds recd. will be used as construction financing on the Miami homes project.
National Rehab Properties, Inc. is developing "Eagle Trace", a 100 home subdivision in Vero Beach, Fla. The company projects 100 homes to be built and sold for $18 million in revenues within 24 months, showing $3.5 million
profit to the Company.
Apart from this the Company is buying an aluminum window manufacturing company and will close in the near future upon completion of its "due diligence". Richard Astrom, President and CEO, stated: "The new acquisition had $4,600,000 in Sales Revenue in 1998 and expects substantially greater sales revenue in 1999. The Company is profitable."
The Company also announced that it has entered into a partnership with Encore Builders Inc to joint venture the purchase, rehabilitation and sale of existing houses in Miami. The intent of the partnership is to "rehab" 25 houses in the next 6 months.
Richard Astrom, President and CEO stated, "We are looking for acquisition candidates and real estate projects that will increase company revenues and enhance shareholder profitability and company attorneys are preparing documentation for the Company to become a reporting company, including annual audit."
Filing of SB2
We're Excited to inform you that this month, NRPI will be filing its SB2 to become a fully reporting company, and should start filing reports to the SEC sometime in November or December 1999. This is 3-4 months before the required date set forth!
Who Owns these Shares:
The shares of this company are believed to be in long term Friendly hands!
Recent News:
Aug. 9, 1999--National Rehab Properties, Inc. (OTC BB:NRPI - news), announced today that it has contracted to buy a building site for a 60 unit apartment site in Miami, Florida for $800,000. The project will be known as
"GRANADA GRAND".
July 14, 1999--National Rehab Properties, Inc. (OTC BB:NRPI) announced today that it has received a $750,000 mortgage financing commitment from Washington Mutual for the building of houses in Miami.
Expected Earnings:
National Rehab Properties, Inc. expects its sales volume to be 100 hundred homes ($9,000,000) in the 1998-99 fiscal year, generating $1,500,000 of pretax net income. The Company plans to increase its sales volume to two hundred homes in the 1999-2000 fiscal year, generating $3,000,000 of pretax net income.
Undervalued:
With an EPS of $1.88 an based on 25% profit with the expected earnings the share price should be trading at least $5+. With the filing of the SB2 and NRPI becoming fully reporting we feel this stock has the potential of
atleast a 100% gain in the short term.
Note: This stock should be a great STRONG HOLD although we do anticipate a strong MOMENTUM run on Monday, August 16th, 1999.
Have Fun!!! |
