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Microcap & Penny Stocks : Westmark Group Holdings Corp. (WGHI) -- Ignore unavailable to you. Want to Upgrade?


To: Scott Kelly who wrote (4)1/22/1998 6:37:00 PM
From: Blue Angel  Respond to of 37
 
Recently, I.W.Miller & Co. is being held as WGHI as their Financial Oublic Relations. Miller & co. likes WGHI because they, "possess potential aggressive growth for 1998." What do you think? Are you picking up more shares? Looks like a good buy to me. JWA



To: Scott Kelly who wrote (4)3/11/1998 4:55:00 AM
From: Stephen D. Wilson  Respond to of 37
 
Scott don't feel guilty. If your still holding her's some good news.

Press release dtd Mar 5th

WGHI originated $13.9 mil in loans to borrowers with sub-prime credit histories in February, up 146% from $5.6 mil a year ago.
In a press release Thursday, Westmark said loan volume for the two months of Jan & Feb was $27.4 mil, up 130% from the comparable two-month period last year.
The company said it sold $12.3 mil in mortgages to institutional investors in Feb, up 106% from $5.9 mil sold a year ago.
For the year-to-date, Westmark sold $26.1 mil in mortgages to investors, up 129% from $11.4 mil last year.
The financial services company said that as a result, it generated more than $655,000 in revenues in Feb, an increase over revenues of $367,000 last January
For the year-to-date, revenues were $1.5 mil, up 118% from $676,000 last year. Dow Jones News "

It looks like the new management team has gone in and done some butt kickin and got this company back on the road to success. I don't know if they can continue with these impressive increases in sales and generated revenues but if they have 1 or more consecutive quarters and someone on the street takes notice this stock should take off quite well.

Steve



To: Scott Kelly who wrote (4)4/9/1998 3:27:00 AM
From: Stephen D. Wilson  Read Replies (1) | Respond to of 37
 
Scott,
I know your still out there watching this string somewhere. Wasn't that you that worked with Tovbin? Anyway it looks like Westmark has made a pretty good move up this week with no new news. Is there something going on that you might have heard that would explain the recent rise in the stock? Also do you know when they are planning on releaseing this past 10-q. I like this stock as long as they can keep showing me that they are staying on track as a good turn around and don't pull some stunt like HCAP did 2 weeks ago. They handle different types of loans but they got absolutley killed on some bad news.

Steve

PS Doesn't any body else out there folow this?