Value Microcaps Motherboard

[whyme2005]

SVL $1.35... AMEX MOST UNDERVALUED..EARNINGS SOON

Silverleaf Resorts (AMEX: SVL) was listed in the AMEX recently, and almost no one has noticed it. SVL is by far the most undervalued AMEX trading at a P/E of 3.6!! With sales of almost $200M/year, SVL is trading at a ridiculous P/S of about 0.25. The float consists of about 25M shares.

SVL will release its 3Q 2005 earnings results in a few days. Take a look at SVL's strong financial performance in the past few quarters:

http://finance.yahoo.com/q/is?s=SVL

For the six-months ended June 30, 2005, net income was $6.8 million, representing a 25% increase over net income of $5.4 million during the first half of 2004. Earnings per share for the first half of 2005 were $0.17 per diluted share compared to $0.14 per diluted share in the first half of 2004. Total revenue for the period was $91.4 million, as compared to $90.7 million during the first six months of 2004.

The 3rd quarter will be particularly strong because the company will realize an additional gain of $3.6M due to a land sale that occurred during the quarter. Here is most of the PR announcing the land sale:

Silverleaf Resorts, Inc. Announces Sale of Undeveloped Land
9/30/2005 5:30:01 PM


DALLAS, Sep 30, 2005 (BUSINESS WIRE) -- Silverleaf Resorts, Inc. (SVL) today announced the September 29, 2005 sale of undeveloped land held for sale in Pennsylvania for $6.9 million. The sale will result in a gain of approximately $3.6 million to the Company during the quarter ended September 30, 2005. The proceeds of the sale will be used to reduce senior debt.

Based in Dallas, Texas, Silverleaf Resorts, Inc. currently owns and operates 13 timeshare resorts in various stages of development. Silverleaf Resorts offer a wide array of country club-like amenities, such as golf, swimming, horseback riding, boating, and many organized activities for children and adults.


It is just a matter of time until the street realize the existence of this super undervalued profitable gem brinbing the stock price to new highs (52-week high is $2.08)

Do your DD on this one.