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Non-Tech : All American Food Group(AAFG)
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To: Denise Fabek who wrote ()3/17/1998 4:01:00 AM
From: Ryan Irvine   of 618
 
To whom it may concern;

I am a private investor who recently came across this "underfollowed" company and thought I may share their latest financial information with you. It is currently trading at $1.20, with a P/E of approx. 8.5 times earnings. Shearheart controls the chain of Home and Rural stores in Ontario, which is the largest independant small appliance dealer in Canada. Growth in EPS from the 1996 figure of approx. 1.5 cents has been remarkable. Below are the 97 year end results.

SHW 1998-03-16 (provided courtesy of ISDN Wire Service)

SHEARHART CORPORATION - YEAR END

BRAMPTON, ONTARIO--
DECEMBER 31, 1997 YEAR-END

SALES $ 48,488,705.00

NET INCOME AFTER TAXES $ 1,235,153.00

EARNINGS PER SHARE $0.14

For more information please feel free to call Catherine at (905) 790 8944.

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