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Wednesday, May 06, 2009 2:27:42 PM
How may stores does HRAL have? HRAL market cap is about $4,000,000? I have also been reading that HEARUSA burn rate is over $1,000,000 a month and this is why they needed to sell. On the other hand I also heard that their Canadian operations are the only ones that are profitable and that they sold the 23 stores into another deal that will go public on its own as the rest of the HEAR USA properties is what is keeping their stock price down.
Me thinks HRAL is very undervalued. 30 stores x $1,000,000 divided by 107,000,000 shares EQUALS????
http://finance.yahoo.com/news/HearUSA-Sells-Canadian-Unit-iw-15045295.html
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