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Microcap & Penny Stocks : PELT

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To: Bob Frey who wrote (22)9/24/1996 9:53:00 PM
From: William Harvey   of 78
 
Hi Bob,
I'm fired up! This is a straightforward company in business for the long haul. I like the real estate because it'll hold things together until the hair care division works out the tangles. It's about as stable a company as you'll find and while it's a penny stock, it's still illicit for some mutual funds to pick it up. Eyman wants to delay reporting earnings until the first of the quarter so that mutual funds can forget the window dressing and get on in. People see penny stocks in the portfolio like an option but this is about secure as securities are. Maybe I'm wrong, but there's something here for everyone. Their real estate is fully utilized or appreciating like crazy. It should be back to $3-5 on short sales redemptions alone now that it's bottomed out. With $25 million in hair care sales over the next 2 years, 35% margin, average $4.4 million profit per year plus $1 million annual real estate income equals $7.5/share (15 million shares outstanding and pe of 20). It could be $10 by the end of the year. If it looks like a sure thing this could be so explosive it's hair raising. I've seen the 3.3 mil outstanding figure but that can't be right. My source is the NASDAQ 5 volume handbook of reports.
Any day now we'll be rich, I tells ya', rich.
Bill
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