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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks -- Ignore unavailable to you. Want to Upgrade?

To: myturn who wrote (7188)	9/20/1998 10:02:00 PM
From: JOE TURMAINE	Read Replies (1) \| Respond to of 8835

Reason, For a GOOD READ try tonights S4T NATIONAL REHAB PROPERTIES (NRPI) $.40 Look for NRPI to start building new houses in Miami and Tampa for sales in their affordable housing program. It is obviously easier to sell new homes, because that is what people at any price level prefer. Because of the low cost of the lots and the cost savings of doing many homes at one site at a time, NRPI gross profit will be double what it was from rehabbing homes. This program will begin in Florida and then spread to the other cities that NRPI will be working in rehabbing homes. In addition to the recently announced construction financing of $2.5 million, there are 3 additional lenders who have made similar offeres to NRPI. The Company, after a period of lean times, is now at the point where they have the financial backing to implement their business plan. In fact there business plan should be greatly exceeded. I think that the Company could be well into the second year of their business plan, looking to build or rehab in excess of 200 homes in the next 12 months. That would put the Company in the range of $.25-.35 due to the higher profits on the new homes. That is nearly what the stocks is trading for at the present time. This makes the shares of NRPI a very aggressive buy at the present levels. I doubt if we will see the share price at these levels for very long. Even if you only use a PE of 10, the stock should be in excess of $2.00. Breaking through the $.50 level should increase the upward momentum of the stock.<< In spite of everything the price on this stock has not been able to sustain any kind of drive. Maybe this time!!?? JOE