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

To: itilis2003 who wrote (21609)	7/6/2005 5:02:20 PM
From: bruwin	Read Replies (1) \| Respond to of 78759

Good to see you made a healthy profit with MHCO. Fortunately you bought it during, or before, mid 2001. Had you purchased in the 1st. half of 2002, 2nd. half of 2003 or the 2nd. half of 2004 you could be currently only breaking even or down on your purchase. Yes, Common Shares Outstanding are down by 17%. But had they not declined, the EPS would be lower than the 11c you mentioned for the last Quarter. Glancing at the volumes traded over the last few years, I don’t see that much change in the average volumes traded recently. Anyway, we probably have our own ways of analysing companies and drawing conclusions. The critical financial ratios I look at tell me that MHCO would not be top of my list. As far as I’m concerned, comments made in Shareholders Letters or by Analysts, are all very well. But the "proof of the pudding" will be seen in a company’s future Financial Statements. Comments and/or promises need to be translated into regular Bottom Line profits. It’s my opinion that those numbers determine a stock’s price in the medium to longer term. But, as usual, time will tell.

To: itilis2003 who wrote (21609)	7/13/2005 2:07:17 PM
From: itilis2003	Read Replies (1) \| Respond to of 78759

Someone is accumulating MHCO today. First they took all that was available 4260 shares at $4, then 500 at $4.10, 1000 at $4.20 and 200 at $4.20. Its bidding $4.20 and asking $4.60. Their quarterly results should be out in the next 2 weeks and I suspect the recent Hurricane didnt hurt their business. When someone "takes" nearly $25,000 worth of stock in an illiquid pinksheeter like MHCO, I suspect they have some good information. Of course, the value is apparent to all who look.

To: itilis2003 who wrote (21609)	8/3/2005 12:33:47 AM
From: itilis2003	Read Replies (1) \| Respond to of 78759

MHCO announces 17 cents for the quarter as they continue to build value. $8.90 book value. (Basic) Sure, its down a little from last year but how many $4.50 stocks earn 17 cents in a quarter ? Someone was accumulating stock again today. I wouldnt be suprised to see it hit a 52 week high soon. Best Bid: 4.45 (500 shares) Best Ask: 4.74 (500 shares) * Date/Time of Last Inside Change: 15:47 TRADE DATA Last Sale: 4.50 Change: +0.50 Percent Change: +12.50 Tick: Up Daily High: 4.50 Daily Low: 4.40 Opening Price: 4.40 Volume: 5,000 Annual High: 4.75 Annual Low: 2.23 Previous Close: 4.00 Beta Coefficient: 0.50 Last Trade Date/Time: 15:47 Moore-Handley Reports Results of Operations for the Quarter Ended June 30, 2005 Monday August 1, 2:48 pm ET BIRMINGHAM, Ala., Aug. 1, 2005 (PRIMEZONE) -- Moore-Handley, Inc. (Other OTC:MHCO.PK - News), a Birmingham-based distributor of hardware and home center products, reported net income of $258,000 or $0.17 per diluted share for the quarter ended June 30, 2005 vs. $317,000 or $0.21 per diluted share for the same period in 2004. Sales for the quarter were $41,173,000, up 6.5% from the same quarter last year. Sales for the six months ended June 30, 2005 were $85,522,000 or 4.7% above those in 2004. Net income for the six months ended June 30, 2005 was $423,000 or $0.26 per diluted share vs. net income of $647,000 or $0.39 per diluted share last year. Lower earnings resulted from pressure on gross margin, increased marketing expense, and higher interest costs. Selected financial data follow: Moore-Handley, Inc. Selected Financial Data (UNAUDITED) (UNAUDITED) Quarter Ended Six Months Ended June 30 June 30 ======================== ======================== Operations: 2005 2004 2005 2004 =========== =========== =========== =========== Sales $41,173,000 $38,652,000 $85,522,000 $81,679,000 Operating income 746,000 739,000 1,297,000 1,501,000 Income (loss) before income tax 429,000 504,000 703,000 1,028,000 Net income (loss) $ 258,000 $ 317,000 $ 423,000 $ 647,000 =========== =========== =========== =========== Net income (loss) per share - basic $ 0.18 $ 0.22 $ 0.29 $ 0.41 =========== =========== =========== =========== Net income (loss) per share - diluted $ 0.17 $ 0.21 $ 0.26 $ 0.39 =========== =========== =========== =========== Weighted average common shares outstanding Basic 1,467,000 1,467,000 1,467,000 1,587,000 =========== =========== =========== =========== Diluted 1,547,000 1,507,000 1,620,000 1,666,000 =========== =========== =========== =========== Balance Sheets: June 30 - 2005 2004 ------------------------------------------------------- Current assets $44,005,000 $41,668,000 Other assets 483,000 202,000 Property & equipment, net 9,402,000 8,473,000 ----------- ----------- Total assets 53,890,000 50,343,000 =========== =========== Current liabilities 17,898,000 15,838,000 Long term debt 21,741,000 21,246,000 Deferred income taxes 1,193,000 947,000 Stockholders' equity 13,058,000 12,312,000 ----------- ----------- Total liabilities & stockholders' equity $53,890,000 $50,343,000