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Microcap & Penny Stocks : The Henley Group, Inc. (HNLY) undervalued growth company -- Ignore unavailable to you. Want to Upgrade?


To: ChrisJP who wrote (877)3/13/1998 2:11:00 PM
From: Robzz  Read Replies (1) | Respond to of 2232
 
BTW any explanations from Wall Street West re: HNLY

Had it not of been for their obvious hype I would have not purchased HNLY at an avg of .50.

Here's that article(I wonder why we have not heard any more from them):
this article is from the Feb 28th article of the WALL STREET WEST NEWSWIRE:

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"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. "

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