Friday, June 25, 2010 12:44:38 PM
GLFW has 4 major projects all in the final stages that when officially announced should garner a massive amount of attention from investors.
1.) Assisted Living Facility:
GLFW is in the final stages of negotiation for the development of an assisted care facility in North Tampa. Architectural and engineering is currently in process for a 200-bed facility located in North Tampa, Florida.
With tens of millions of Baby Boomers approaching retirement age, many of which require medical or personal care, assisted living facilities are expected to see record growth over the next decade. There are currently over 80 Million Baby Boomers in the U.S., representing the largest percentage of the current U.S. population.
It is projected that over 55 million Americans will need assisted living facilities over the next 12 years. A 200 bed assisted living facility is more than twice the size of the average facility, recognizing a much larger profitability than the average facility.
2.) Affordable Housing Projects - Backed by FHA loans:
Affordable housing is becoming a big money maker for developers right now due to the Obama administration doing everything they can to spur housing growth. With FHA approved loans being the easiest loans to approve by lenders, not to mention massive tax breaks and first time buyer incentives, affordable housing is becoming a key focus for developers looking to profit.
GLFW is about to announce 2 projects in final negotiations for affordable housing. The first is on a 40-acre property that has been approved for GLFW to build modular homes. The company has been able to capitalize on reduced construction and labor costs to build modular homes ranging in size from 1700 - 1900 sq feet, complete with fireplaces, jacuzzis, and garages for a starting price point of $109,000!
The cost per square foot of these brand new homes is comparable in price to renting a 2-bedroom apartment in the same area!
The second project is located in South Brandon, Florida. GLFW has been approved to construct affordable townhomes, with mortgages backed by the U.S. government. With building materials and the cost of labor at an all time low, GLFW is able to have a sale price of $120,000 per unit!
Rather than selling at $240,000, GLFW is has cut the price by 50%, while still maintaining the same profit margin for the company and its shareholders that was originally projected before the housing market tapered off.
Both of these properties qualify for FHA loans, which currently make up the vast majority all home loans in the U.S.
3. The Mc Kay Bay Community:
GLFW is now in final negotiations for construction of 103 units to be constructed on Mc Kay Bay in South Tampa. The community is slated to have over 100 town homes, 30 of which are right on the water.
When the project was originally slated in the fall of 2008, the homes were planned for 3,500 sq feet and priced at $650,000 due to their prime location. The re-structured plan now slates the units at 2400 sq feet with a retail price of $249,000!
GLFW has re-structured the project and due to record low costs of building materials and labor, the company is able to keep the profit margin exactly the same as the original $650,000 projected price, while pricing the properties at a 'quick-sale' price of only $249,000!
Imagine a brand-new home on beachfront property, for the same price as a 3-bedroom apartment in the same location!
4.) $90 Million Dollar East Lansing Project:
GLFW is currently in the final stages of negotiations for a development in East Lansing Michigan (across the street from Michigan State University) to redevelop a 5-acre site within walking distance of the university. They just signed a letter of intent to purchase the site, and are in the process of final approval on what will be a $90 Million Dollar project when completed!
The development will include a 90-room hotel, a 240-unit student apartment complex, as well as 60 live/work lofts, all across the street from a major university. This is prime real estate, and GLFW was able to negotiate this purchase for pennies on the dollar!
GLFW has the kind of aggressive attitude I like from a company. Capitalizing on unbelievable deals while the market is slow, but at the same time structuring them to be profitable even in the current real-estate market.
This isn't just a company that is buying property and sitting on it, waiting for the market to pick up. They are acquiring properties at bargain-basement prices, and then structuring them properly for quick sales and big profits.
At the current price of $0.40 a share, I believe GLFW is a steal, and I would not be surprised to see this stock double over the next week once these announcements start reaching the public.
I would keep a close eye on GLFW because I really believe it will be a huge winner for us. I expect it to start moving as early as Monday, and hopefully we'll get a chance to snatch it at a good price before it really starts moving.
I'll touch base with any more news I find out about, otherwise have a great weekend!
Recent WETH News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 08:38:54 PM
- Wetouch Technologies Inc. Announces $15 Million Stock Buyback Program • PR Newswire (US) • 07/08/2024 01:30:00 PM
- WeTouch Technology Inc. CEO Zongyi Lian's Letter to Shareholders • PR Newswire (US) • 06/24/2024 01:30:00 PM
- WeTouch Announces First Quarter Fiscal Year 2024 Financial Results with Cash Reserves of $94.8 Million • PR Newswire (US) • 06/17/2024 01:45:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/14/2024 09:15:46 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:30:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 08:15:42 PM
- Wetouch Technology Inc. Unveils Cutting-Edge Second-Generation Touchscreen Products and Receives US $15M in Orders • PR Newswire (US) • 05/06/2024 01:45:00 PM
- Wetouch Technology Inc. Announces $56.3M USD Revenue Guidance for FY 2024, Reflecting 41% Growth Over FY 2023 • PR Newswire (US) • 04/22/2024 02:00:00 PM
- Wetouch Technology Inc. Preannounce Earnings for Fiscal Year 2023 • PR Newswire (US) • 04/01/2024 02:21:00 PM
- Wetouch Announces Strategic Collaboration with IDEC Corporation, Elevating Presence in Japanese Touch Display Market • PR Newswire (US) • 03/18/2024 01:17:00 PM
- WestPark Capital Announces Closing of $10.8 Million Public Offering of Common Stock for Wetouch Technology Inc (Nasdaq: WETH ) • Business Wire • 02/28/2024 02:00:00 PM
- Wetouch Technology Inc. Announces Closing of $10.8 Million Public Offering of Common Stock • GlobeNewswire Inc. • 02/23/2024 09:00:00 PM
- Wetouch Technology Inc. Announces Pricing of $10.8 Million Public Offering of Common Stock and Concurrent Uplisting to the Nasdaq Capital Market • GlobeNewswire Inc. • 02/21/2024 02:45:00 AM
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM