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Microcap & Penny Stocks : The Napeague Letter
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To: Bob Davis who wrote ()2/5/1997 8:23:00 AM
From: Bob Davis   of 21
 
During the second half of 1995 and first half of 1996, Burke Mills
(NASDAQ:BMLS) implemented a major strategic investment. This
effort temporarily reduced the Company's profitability, which led to a
decline in the price of its stock. This investment is now largely complete
and is showing results in terms of (a) lowering the Company's
production costs and (b) raising its manufacturing capacity. As a result,
the Company is more competitive and has the manufacturing capacity to
met the resulting increased demand for its products.

BMLS generated a strong increase in revenues in 1996, capped by a 39%
revenue increase in the most recent quarter. With the final stages of
the strategic investment completed, the third quarter produced a
328% increase in gross profits, and earnings per share of $0.11, versus
a prior year loss.

BMLS appears to be undervalued at its current market value of $3.00 per
share and appears to have a "theoretical value" in excess of $6.00 per
share.

The Napeague Letter has just published an in-depth analysis of BMLS.
If you would like a copy of this Analysis e-mailed to you, please E-mail
a request to rmdavis1@ix.netcom.com. This subscription is absolutely
free - no one will try to sell you anything and your e-mail address
will not be used for any other purposes.
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