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Technology Stocks : Internet Stocks - General Discussion on the NEXT WINNER!!
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: Steven Finkel who wrote (161)1/24/1999 8:23:00 AM
From: blankmind  Read Replies (2) of 198
 
HCAR (Hometown Auto) is an undervalued & undiscovered internet & cash cow stock; based on the following facts:

- CYBERLOT - an internet listing of all cars - launched & announced 1/14/99; hometownautoretailers.com
- Only 5.8 mill shares o/s; much less in float
- HCAR was an ipo in 7/98; came out at $9.00; & got crushed by the Asian contagion
- $150 mill in revs & $.80/e.p.s. expected in '99
- NASDAQ National stock - trading around it's low of $4.75
- the internet aspect has been totally overlooked - as they are the only dealer I know of to put their cars on the net - $16 mill & growing
- acquiring other dealers
- book value: $5.00/share
- Cash of $6.4 mill
- $100 mill line of credit w/ GE Capital
- Dealerships for: Ford, Chrysler, Toyota, GM, & Isuzu
- Dealer industry is consolidating - and HCAR is a perfect buyout candidate
- finally, if the internet craze hits HCAR, the stock could go to $100; given its tremendous book value & earnings.
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