nhmcf Message Board - Msg: 4356355

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Microcap & Penny Stocks : nhmcf

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To: MoneyPenny who wrote (563)	5/6/1998 9:21:00 PM
From: Saverio	Read Replies (2) of 702

As far as I am concerned, I plan to hold on until I see a couple more quarterly results. First half revenues were about $5 million; year forecasted revenue is $23 million; this would mean second half in the order of $18 million revenue. Some weeks ago, I emailed that point to the attention of the company, asking them whether their forecast was still valid. The answer I got was: <<NHMC's revenues are increasing rapidly on a quarterly basis. The 3rd and 4th quarter sales will continue this trend and will show more growth as the investments we have made over the last 2 years in acquisitions starts to pay off.>> Now, if their revenue is close to $23 million, that would help validating their 1999 forecast of $60 million and their 2000 forecast of $99 million. With that type of revenues, any financial problems are taken care of. I am willing to stick around for the 2nd half of fiscal 1998. (The future will tell if it is the right decision). Cheers. Saverio

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