I see your point and agree,
Monas told the world, that FAMH would make about $0.11 eps, for 1997. As it turns out, they lost $0.07. I have decided that I will ignore his comments for now on...because much of it has a chance of just being hype. If he helps grow the company with mergers, and gets HVAR good publicity...great! But there should be NO hype at all.
HVAR is a great, legit company. Read their entire filing...and learn about their operations. The company does not need anybody to hype it.
The facts are...
Current Price is $0.07.
Book value it around $0.13.
Revenues were $600K this past year...with only one store open for the complete year.
In 1999...2 stores, mail-order, and the website...will be open for the most part of the year. At least 1 additional store, is expected to be open up for a part of the year.
HVAR management has recently purchased options to buy more shares anytime in the future, for the price of $0.07.
The Company plans to distribute premium cigars purchased from Tabanica, S.A. ("Tabanica"), a Nicaraguan corporation of which it owns a 50% equity interest. Tabanica operates a factory located in Jalapa, Nicaragua The factory currently has the capacity to produce premium hand-rolled cigars at the rate of approximately 3 million cigars per year, which capacity can be further expanded.
Jon |
