Malko,
This is a short play.
CHLR is a leasing company. I think they lease anything to companies.
The company had 5 straight quarters with profit. This last quartes revenue was 352% of last year.
Good luck.
Here is some old news on it.
Chancellor Announces $10 Million Re-lease to Wal-Mart Stores, Inc. Through 2000
PR Newswire - September 17, 1998 10:20
BOSTON, Sept. 17 /PRNewswire/ -- Chancellor Corporation (OTC Bulletin Board: CHLR) announces today that is has completed a re-lease of equipment under certain lease schedules to Wal-Mart Stores, Inc. (NYSE: WMT). The transaction, consisting of approximately $10 million of equipment at original cost, extends the lease through 2000. This is an important transaction for the Company, as we continue to reaffirm our relationship with valued customers.
Chancellor Corporation is a financial services firm that specializes in equipment lease financing for Fortune 500 and "middle market" companies' in the United States and international markets including South Africa, Russia and the Far East. Chancellor Corporation's shares are traded on the Bulletin Board under the symbol CHLR.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the Company's lease financing and asset management services and the products to be leased or remarketed by the Company, the continued availability to the Company of adequate financing, the ability of the Company to recover its investment in equipment through remarketing, and other risks and uncertainties detailed in the Company's Securities and Exchange Commission filings.
SOURCE Chancellor Corporation
/CONTACT: Peter J. Mullen, Director, Investor Relations of Chancellor
Corporation, 617-368-2716, pmullen@chancellorfleet.com/
(CHLR WMT)
|
