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Thursday, October 29, 2009 1:08:34 AM
Furthermore, half the stores that were 13-24 months were only 18 months old. People, this is still a very young company that is growing every day. If all the present stores averaged $15,000 a month, that would give HRAL about $450k +/- in monthly sales but we now see that there are only 4 stores in this category and even there only 1 store is 33 months old. Where do you think HRAL will be in Year 5?? I am calculating that the monthly revenues would be quite high and I am calculating that this stock will not be a $0.05 stock.
I would love to see their balance sheet when they have 100 stores and they have all begun their 4th year of operation. No wonder the 23 stores that were sold in Ontario earlier this year were sold for $24M. There is definite value in this hearing business and HRAL has the right model by locating cookie cutter stores within wal-mart and maximizing exposure and potential profitability. Well done HRAL!!!!
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