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Microcap & Penny Stocks : HERC - It goes higher!
HERC 0.00010000.0%Jan 29 9:30 AM EST

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To: matthew lamberson who wrote (336)3/31/1999 7:18:00 PM
From: Jim Johnson  Read Replies (1) of 341
 
Matt,

LOL! Yep, best keep that razor sharp! Since HERC has sold their retail line they need far less space. I understand that in a month or two they are moving to a much smaller location. Which will be good for them! They have smallened down the operation in both operations, man power and necessary warehouse space, so currently they are paying for a lot of square footage they have no need for. This is totally an estimate on my part, but here in most of the Phoenix area space rents for about 80 cents per month and i understand the new place is about 16,500 sq ft smaller. That would amount to an operating reduction of about $13,000 per month. That is not fact, but my estimate!! That large a reduction would also reduce utility and insurance costs too.
The move look like a move in the right direction to me. Steve has continued to press for reduced cost and increased income and it appears to be working.

Jim J
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