Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (4777)	10/21/1998 1:15:00 PM
From: JOE TURMAINE	Read Replies (1) \| Respond to of 9440

Gary, based on your last post I won't ask you for your thoughts on NRPI these days, but for those interested this is the latest from S4T. >>NATIONAL REHAB PROPERTIES (NRPI) $.31. I met with the President of NRPI as he was returning from purchasing more lots in Miami to start the construction of new affordable homes. These homes will be $5-10,000 below anything in the particular markets and net NRPI $20,000 per home. That is twice what they make on a house that they rehab. The $2.5 mortgage financing deal is completed and NRPI has also become a branch office of the lender and has opened an office in Miami and will have a branch office in each city they operate in. That gives NRPI an additinal revenue stream, but more importantly gives NRPI closer control of the financing process. The stock is trading at a level that has previously rebounded for 100-200% gains. Volume has dried up, so it looks like it is time for another one of NRPI's big percentage rallies. We issued an AGGRESSIVE BUY on NRPI because the stock is trading at a PE of less than 2 times earnings for the next 12 months. The current mortgage commitment will allow NRPI to build 100 homes if the money is turned twice a year or 150 homes if they turn the money 3 times a year. 100 homes at $20,000 profit is $.20 per share in earnings, which would give the stock a value of at least $2-3. . Trading above $.40 should see a move back to the $.75-1.00 area in the short term.<< NRPI is in the header for this thread, I hope you are still following it. JOE