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%

11:22 AM EST

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To: francis terry who wrote (211)	11/22/1998 10:02:00 PM
From: JOE TURMAINE	Read Replies (1) of 656

Francis, from S4T >>NATIONAL REHAB PROPERTIES (NRPI) $.29. The recent downside may have beendue to a seller that was selling stock that is still restricted. We will know that for sure in the next few days. Marketmakers may be trying to shake out some weak buyers. 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. 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 months 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.<< If there is any truth to the restricted share story someone should go straight to jail & pay me $200. "Supposedly" someone did the same with 5 million AWLT shares and you know what happened to AWLT stock price. JOE

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