The Henley Group, Inc. (HNLY) undervalued growth company Message Board

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Microcap & Penny Stocks : The Henley Group, Inc. (HNLY) undervalued growth company

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To: Andrew H who wrote (39)	2/22/1998 11:24:00 PM
From: Warlock	Read Replies (1) of 2232

I wish I had my numbers from the PR firm, but book value is accurate. Pardon any mistakes here. They have cash in bank in excess of 1 million last I heard. I believe MAPP was valued at 5 million, and MC at 1 million (as I said, this is from memory, not from my notes). But the clincher. . . HNLY owns 15 million shares of MAGRA. At about .70 cents American per share, that's 10.5 million bucks. Divided by nine million shares, MAGRA stock is worth over $1 per share. Book value is actually lower than $2.28 now, due to fluctuations in MAGRA stock price. But MGRA is rebounding. Definitely undervalued, in any man's terms. Why buy MGRA if you can buy 3 times the shares by buying HNLY (not to mention a bunch of other assets).

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