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This is the current "future superstock". I feel like this may be a legitimately good pick....but I can't find any source of info about it other than FSS, so I won't buy it. Anyone on SI know an info source? Here is what FSS says about it: MPEL Holding Corporation (Ticker: MPEH) was founded in 1987 and is located in New York. Over the past 4 years MPEH has seen incredible growth in revenue and originating mortgage loans. All of MPEH's growth has been as a private company. As a result, capital has been limited. It is for that reason that MPEH recently went public. As a public company, MPEH has a much greater opportunity to raise capital in the public markets. Raising capital will allow MPEH to expand its revenue, net income and volume of mortgage loans at a much more rapid pace than if the Company was private. Obviously this creates an opportunity for investors. Currently MPEH has 15 retail branches and 162 employees. The Company has offices in 9 states including New York, Illinois, Connecticut, Florida, Missouri, New Jersey, Arkansas, Ohio, Pennsylvania and the Commonwealth of Puerto Rico. In addition to offices in these states, MPEH offers its products in 7 additional states. Over the past 4 years, MPEH's business has increased year after year. For the current year, 1998, MPEH is on pace for record revenue again. MPEH's growth has been as follows: In 1994 MPEH originated $43.3 million in mortgage loans. In 1995 this number grew to $58.0 million. In 1996, this number grew again to $108.3 million and last year, 1997, this number grew to $133.5 million. The current year, 1998, looks to be another incredible year as MPEH is on track to produce $220.0 to $230.0 million in mortgage loans. A few weeks ago MPEH announced record numbers as the company closed $42.0 million in loans for the first 3 months of 1998. In comparison, MPEH closed $26.0 million in loans for the first 3 months of 1997. | ||||||||||||||
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