NRPI at a new low but company is making money. Message Board

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Microcap & Penny Stocks : NRPI at a new low but company is making money.

NRPI 0.0890

+21.9%

Nov 19 11:22 AM EST

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To: francis terry who wrote (209)	11/20/1998 9:24:00 AM
From: JOE TURMAINE	Read Replies (1) of 656

Francis, from S4T, >> NATIONAL REHAB PROPERTIES (NRPI) $.31 + 0.07 on 78,300 shares. I heard from one of the marketmakers that there may have been a short position trying to cover today the stock traded as high as $.33. We will see if the buying continues, we could get the breakout at the $.40 mark. The Company annouced that they have contracted to begin 15 units in Miami for an avearge profit of $20,000 per unit. That is more than twice the profit of rehabbing homes as NRPI has done in the past. The Company's new focus is on providing the more lucrative new construction for "first home buyers. They expect to sell a minimum of 100 homes in the next 12 months. As previously announced, NRPI has a $2.5 million loan commitment from Realty Mortgage Corp (RMC). NRPI has contracted with rmc to function as a loan production branch office of RMC. In addition, NRPI expects to be fully reporting before the end of 1998. The 100 homes targeted for the next 12 months will give NRPI $.20 in earnings. That means the stock is trading at an estimated PE of less than 2. I think we should see a breakout above $.40 shortly. If you look at the chart, there has been a nearly 100% rally every time this stock starts to move. Over the past month longer term investors have been accumulating the stock. There are probably less than 500,000 shares that are away from insiders and long term players. For anyone with a time horizon of more than a few weeks, we could see a move to the $2.00 area based on earnings of $.20. The last two times we had this formation a quick rally to the $.75-.80 range occured in a matter of just a few weeks.<< Fully reporting by the end of the year & web site up & running next week........... too many companies don't live up to their press, NRPI has an opportunity here to distance themselves from the rest. JOE

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