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Microcap & Penny Stocks : LENP.T (LXPYF-OTC.BB) Best story ever?

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To: Dan Turner who wrote (79)9/5/1996 5:20:00 PM
From: Kit H. Lou   of 619
 
Great summary, Dan!

Thanks for getting answers to my questions! I am very encouraged. Do you know of any institution getting involved at this point? It seems like some insititutions specializing in small caps (like the Heartland Funds) should really start to take a look at Lenox.

Based on your report, I project that they could post five cents of earnings (conservatively) for fiscal 97. At a price of about $2 today, Lenox is trading at a forward p.e. of 40. If they can really get up to $200 million revenues in five years (a good possibility), they should earn in excess of $6 per share five years from now. The risk-reward ratio here is very favorable. Do you see a similar picture?

Regards,

Kit
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