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Gold/Mining/Energy : Shearhart Corporation (SHW) Home and Rural -- Ignore unavailable to you. Want to Upgrade?

To: Scott Mc who wrote (58)	9/17/1999 12:33:00 PM
From: Buckey	Respond to of 86

It should be - You know and I know that this is a double digit groth company with a single digit P/E ratio what else would one want - Somebody woke up and smelled the coffe

To: Scott Mc who wrote (58)	10/6/1999 7:28:00 AM
From: Buckey	Respond to of 86

Shearhart Corporation - Shearhart three-month report Shearhart Corporation SHW Shares issued 9,011,360 1999-10-01 close $0.99 Wednesday Oct 6 1999 Mr. Tony Meschino reviews the company While the industry growth data for the first half of 1999 would suggest a relatively flat market for major appliances in Ontario, the company continues to excel in all areas of its business. Statistically speaking, the second half of the year for the industry is the most profitable, and to be heading into the second half with this kind of edge would only suggest a banner finish. CONSOLIDATED STATEMENT OF INCOME Three months ended June 30 1999 1998 Total revenue $31,964,421 $27,916,318 ---------- ---------- Deduct Cost of merchandise and operating expenses 30,710,548 26,827,342 Interest on long-term debt 26,245 59,643 Depreciation and amortization 87,750 40,925 ---------- ---------- Income before income tax and minority interest 1,139,878 978,408 Provision for income tax 508,000 420,000 ---------- ---------- Income before minority interest 631,878 558,408 Minority interest (42,344) (56,258) ---------- ---------- Net income for the period $ 589,534 $ 502,150 ========== ========== Net income per common share 6.5 cents 5.6 cents

To: Scott Mc who wrote (58)	10/26/1999 7:08:00 AM
From: Buckey	Read Replies (1) \| Respond to of 86

I guess this explains it all Shearhart Corporation - Shearhart shareholders to enter lock-up agreement Shearhart Corporation SHW Shares issued 9,011,360 1999-10-25 close $1.2 Tuesday Oct 26 1999 Mr. Robert Shearhart reports Shearhart Corporation had been advised by Midnorthern Appliance Industries Corporation that holders of approximately 66.4 per cent of Shearhart's outstanding shares had agreed to enter into lock-up agreements and to tender their shares to a formal takeover bid for 100 per cent of the issued and outstanding common shares of Shearhart to be made by Midnorthern for a purchase price of $1.65 per share payable in cash. The transaction is subject to certain conditions, including completion of due diligence, the entering into of formal documentation and receipt of certain regulatory approvals. Shearhart Corporation has engaged the investment banking firm of Global Capital Partners Inc. with respect to this transaction. For further information contact Kevin Wilson (416-977-1397) or Jonathan Edgett (416-977-1396) of Global Capital Partners Inc. Midnorthern Appliance, a privately held Canadian corporation, was founded in 1959 and for the past 40 years has been the industry leader in major home appliance sales to the new construction and property management trade. In addition, Midnorthern operates two retail stores in Toronto and has two franchise locations in St. Catherines and Niagara Falls. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)