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Microcap & Penny Stocks : nhmcf
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To: Laurens who wrote (544)3/20/1998 5:51:00 PM
From: Bernard Elbaum   of 702
 
Although MHMCF has had a number of boosters lately, noone has reported any careful assessment of its finances. For a junior co. NHMCF is unusually highly levered, carrying $11 m in long term debt and several million more in capital leases. It looks like there will be a spike in repayment obligations in 1998 and 1999. All this makes the co. relatively risky. On the other hand, much of the debt was acquired from public authorities on favorable terms. It also looks like the co. is profitable enough, net of acquisition costs, that if its revenue maintains the current growth rate, profitability should be attained this year.
I gleaned this just from eyeballing the financials, which are best viewed by clicking on the Edgar site option at NHMCF's web site. To do this properly one would have to print out the document and go over it carefully. Anyone out there care to do this and report?
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