To: Bulgar who wrote (378 ) 2/28/1998 4:46:00 PM From: hoffy Read Replies (4) | Respond to of 2232
I am posting this from another board. I don't get the wallstreet west so I cannot confirm this. Does anyone get it and how big is there following? ANyway, Monday should be very interesting. I bet we see over 1 this week. ----------------------------------------------------------------------------------------------------------- Subject: NEWSLETTER (WSW) Date: Sat, Feb 28, 1998 15:43 EST From: DEBIT FREE Message-id: <19980228204401.PAA06095@ladder03.news.aol.com> FEATURE SHORT TERM STOCK OF THE WEEK: THE HENLEY GROUP, INC. The Henley Group (OTC-BB-HNLY-.59). This stock was suggested by a reader last week. It has also been featured in the Bull and Bear newsletter. It is rated by many as a solid buy, as financials are due out Monday or Tuesday. The company is in the integrated information systems business, focusing on Internet and other related computer activities. It will be interesting to see how this holds up, as volume has been increasing all week and the price has already moved up somewhat. The company is supposed to have a book value of $2.25. The value is expected to move up to $4.00 for 1998. It is very unusual for a stock to trade below its book value. The belief on "the street" is that the earnings will be .05 per share. If these figures are correct, it is now trading at only 12 times earnings. It should be trading at 25 to 28 times earnings according to industry specialists. This will put it at $1.25 to $1.40 per share. Even then, it is still under its book value. This is very unusual indeed. We see a strong sharp upward price movement this coming week, in anticipation of the news. The float is fairly small, around 2.9 million Short termers should buy now and sell around the $1.25 area. Long termers should buy and hold all the way up to the $2 level. It will be an interesting week for this one. U can subcribe to WallStreet West by email !!! Their web address is www.wallstreetwest.com