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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: DO$Kapital who wrote (64820)	1/20/2000 12:09:00 PM
From: Harry_Behemoth	Respond to of 108040

Here's a value play: RHT According to Yahoo the float is 1.3 million and there are 3.2 million shares outstanding. Just reported 1999 earnings of around $2/share with 100% earnings growth, trading with PE of around 7 now. Thursday January 20, 11:07 am Eastern Time Company Press Release Richton has Record Breaking Year NEW YORK--(BUSINESS WIRE)--Jan. 20, 2000--Richton International, Corp. (AMEX: RHT - news) announced that 1999 was a record breaking year with revenues up 45% to over $215 million and net earnings up 100% to over $7 million. Diluted earnings per share were about double last year's $1.06. Richton's earnings are greatly effected by weather and the construction economy. As a result, the fourth calendar quarter has usually shown a loss. However in 1999, both factors slowed business less than normal and a modest profit was realized for the period. Richton reported that for nine months ended September 30, 1999 sales and net income were $170.3 million and $6.55 million, or $1.95 per share - diluted, respectively. The audited figures for the fourth quarter and the year of 1999 will be reported in early February. Richton is a diversified service company with two businesses - Century Supply Corp. a wholesale distributor of irrigation products and systems, and CBE Technologies Inc. and Creative Business Concepts (CBC) value added resellers of computer and systems integration products and providers of networking and consulting services. -------------------------------------------------------------------------------- Contact: Richton International Corp. Fred R. Sullivan Cornelius F. Griffin 212/751-1445