Hancock Fabrics Inc. (HKF)

[rattlewatch]

200,000 more shares purchased since the last post by Sopris Capital Advisors LLC .On 6/18 and 6/20.


http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000812906&owner=include&c...

[bullonly]

they sure suprised me,i had them in my headlights at .79...theyve done well..but..i will wait for the exit of bankruptcy and the new shares issued...dont want the tank on the canceling of shares....

[rattlewatch]

You might be wrong again,lol and may want to get back in.just kidding. Check out this 8-k of monthly unaudited financials as required due to bankruptcy.

March 21, 2007 - May 5 ,2007 approx 8 weeks, $65.8M in revenue totaling 9 million in operating income and 3.056 in net incomeThey are turning this ship around in a hurry,and it should be easy to do when on pace for A half Billion in revenue.

In 06 net income was -$30M,however +20M net income would be recognized if the rate in the 8K remains the same.They had 17M in net income in 04 and traded @$15 pps.

http://www.sec.gov/Archives/edgar/data/812906/000100579407000260/hancock8k053007ex992.htm

The reason i found this company was due to recent insider buying.Over 1.08M shares bought since 5/12/07 and only 18M Outstanding.Notice the May 5 report date and the buying starting a week later, before the release of the 8K.The last time an insider purchased shares,with his own money, was Dec 05.

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000812906&owner=include&c...


gl

[mkinhaw]

BK new symbol HKFIQ pink
tomorrow
MK

[olemiss1305]

Hello Board! I saw that this new board was created, I'm from around where the Hancock family originated...whats with the huge decline recently? I always thought this was a good company. Oversold?

[bullonly]

yowza,was wrong on this one...Im out...

[polkamatic]

HKF Chart

[bullonly]

Huge short position established once the news went out about them being deleted from the S&p..mutuals sold them off today because they had to...tomm...buy buy buy...