This is the 2nd board I have created here. The first was SUND (Sound Advice). I advised that SUND (at $6-$10) was a gimme, that TWTR would buy SUND. TWTR did buy SUND within 9 months of the first post, at $27-$37 per share (depending on when you pulled the trigger).
MHCO is also a gimme. Moore-Handley is a micro-cap to the ultimate degree. In fact, the company intentionally delisted itself so it would not have to spend the money on Oxbane-Sarlesby requirements.
Fundamentals are: Book Value is $8.31 per share. Earnings per share for the fiscal year ending December 31,2004: .66 per share vs. a loss of .24 per share the prior year.
Outstanding shares are being bought back with a vengeance. Shares outstanding (diluted) as of December 31, 2003 was 1,749,00. Shares outstanding (diluted) as of December 31, 2004 was 1,627,000. For the quarter ending March 31 2005 the shares outstanding (diluted) were down to 1,467,000.
Do your own DD, be aware this is a VERY thinly traded stock, but anything under $5 per share looks like money in the bank.
