HIPC - up 20% (Record 4th quarter projected) Message Board

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Microcap & Penny Stocks : HIPC - up 20% (Record 4th quarter projected)

HIPC 1.120

+2.8%

Jun 5 5:00 PM EST

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To: scott bradley who wrote (187)	8/1/1999 12:43:00 AM
From: Jerry Rush	Read Replies (1) of 213

<< Ethanol would be the likely replacement. Good for HIPC? >> Yes, Scott. HIPC should benefit greatly. They already have a good presence in Calif. I somewhat agree with Wade though. Don't expect much until next year in the way of fundamental improvement. But the fundamentals "shoulda" drove the price down with the announcement of a loss for the quarter. Instead the stock has rallied. That is a pretty good "Contrarian" indicator. I figure we are another few months from better numbers. Then we will be into the weaker earnings season. So greatly better numbers are about a year away, imo. But for anyone wanting a pure ethanol play, this price is hard to beat. I'm currently holding my position and intending to accumulate on weakness. How much weakness? Dunno. Rising oil prices and falling corn prices may limit the downside. Increased awareness may increase the demand for shares. So the question becomes, "How cheap is cheap?" Book value is $3.30. PSR is 0.30, which is about 1/4th of the 5-yr. historic average. With the market as scary as it is now, I'm looking for value plays that might have limited downside in a bear market and potential even if the market crashes. HIPC fits that profile. (imo) Jerry

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