Instock
Mind if I join, and sponsor a bottle of Araldica Wineries, Italina wines.
AWLT would be the symbol. I think, that this company has a huge potential. It is a penny stock, .41 was the close. But, it is a profitable one. They had a nice volume day today, up in price. If the move does start tomorrow, it easily could yield 100%. This companies web site is araldica.com In September they received an order for 2 million from it's specialty foods group. In all of the year July 96 to July 97, they had 1.4 million in sales. On those sales they had earnings of 54,000, or .01 on ~10 million shares. AWLT also has acquired four companies. The sales total for these four was 2.3 million, with profits of at least 150k just on 1 million of that. The other 1.3 million is profitable.
They expect to have 1997 revenue of over 5 million. They also plan on other acquisitions.
They acqurired 5 million in network broadcast time. This should boost interest in the company, and increase sales and shareholder value. I am in for the longer term, but in the coming days, it could get good.
Here's a toast to AWLT.
Here's what StocksToWatch had to say:
If you were to take Araldica and multiply its earnings, at a projected FY ending 1998, at a conservative $0.12 fully diluted,
this stock should be trading at $7.20 cents per share. The Company has over $5,941,000 in assets and long term debt of
roughly $1,000,000. Clearly, the stock is undervalued. There are 13,110,072 shares issued and only 7,479,107 in the float
as of 9/30/97. Over 5,630,000 shares are restricted by insiders. This means that the book value of the shares is roughly
$.38 cents per share fully diluted. Most companies trade at a multiple of 10 to 12 times the book value, which for Araldica
would mean a value between $3.80 and $4.56 per share. Instead, Araldica is trading well below its book value, a rarity in
the market.
Feraldo |
