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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (17143)6/2/2003 3:51:04 PM
From: Grommit  Respond to of 78702
 
Bought some HKF today. It may not be a screaming value play, but it could be a very nice investment. The P/E is not out of line, and the business seems healthy and quite well run. They're continually closing stores that are clustered too closely together and otherwise losing money and opening new ones. And, refreshingly, that's not an extraordinary accounting event. :o)

EPS history:
2000 $0.65 actual
2001 $0.85 act
2002 $1.06 act

Sales / Earnings (millions)
2000 $385 $10.9
2001 $412 $14.6
2002 $438 $20

biz.yahoo.com

Stock Price < $15.
ROE 17%
5 year historical growth 23%
debt / equity .14
dividend increasing past 2 years, yielding 2 3/4% now.
T. R. Price is the biggest stockholder in the small cap value fund
1st qtr earnings up 10% on 3.4% sales increase.
analysts have the EPS this year forecasted at $1.20 -- a 13% increase.

At $15, and 2003 EPS. P/E is 12.5

annual report is worth looking at:
phx.corporate-ir.net

I can sleep easy with companies like this in my corner. Should be a nice 10-15+% annual increase?

PS Paul - I changed my mind and decided to buy some additional SLE a week or so ago...