Heilig-Meyers (HMY) undervalued! Message Board

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Non-Tech : Heilig-Meyers (HMY) undervalued!

HMY 20.06

+0.6%

3:59 PM EST

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To: Chris who wrote ()	12/18/1997 4:20:00 AM
From: William Harvey	of 12

All, Concerning: Heilig-Meyers Announces Restructuring biz.yahoo.com I've been following Heilig-Meyers since the Barron's feature article a few years ago and think it's looking better now. HMY may have the markets they want and no denying the PE was good (before restructuring) but it can all boil down to same store sales. 3% means there are a LOT of stores not doing even 0% growth. And if you never hear about closing down H-M's I'm sure investors have been suspicious. No real reason to be wary as the earnings have been steadily growing. In the future, I hope H-M will not add 1200 stores without closing any. <ggg> Now that the other shoe has dropped hopefully investors will see the present price as a bargain basement price. WH

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