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Microcap & Penny Stocks : The Henley Group, Inc. (HNLY) undervalued growth company
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To: Steve who wrote (681)3/4/1998 1:20:00 AM
From: Steve  Read Replies (2) of 2232
 
Magra Financials, cont'd.

Keep in mind that these financials are for Magra's FY 1997 and nine months of 1996 Jan-Sept. Yesterday's Press Release compared 1st Quarter FY1998 with 1st Quarter FY1997 results. It is apparent that growth rates for year over year, 1996-1997 seem to be in 30 to 40% range but comparison is difficult because of the shortened FY in 1996. Yesterday's press release seems to indicate an acceleration in revenue growth and a firm control on expense growth which had been growing at a faster rate in 1996 and the first nine months of 1997, not surprising for an expanding company but now good to realize that expenses are under control and going forward each additional dollar of revenue will add an increasing percentage to earnings.
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