31 October 2006

HIHO (Which is my pick for the project) earnings for the 2nd quarter are out this morning. Not as good as I had hoped but the sales are up. Only .05 per share for the quarter. The new company they bought hasn't added anything yet for this quarter but will start next quarter.

So far for the 6 months they have done $14 mil in sales and .21 EPS.

With the new company they purchased in September I am thinking they should do $30+ mil for the year and .30-.50 EPS. The new company should add at least .04 based on my estimates to the rest of the year. So that would put it at .25 EPS. If the company can add another .07 each quarter on top of that or .39 EPS for the year at 15 x PE that is about a $6 stock. Not including the dividend they pay.

I would imagine that the market would react negatively to today's news so it would go down but you never know.

I think there is good support in the $3.30 area and again at $3 and $2.50. I had a $2.40 stop in but I am going to cancel that just in case things get crazy. As based on this report it would be a screaming buy in my opinion at that level and wouldn't want to be stopped out based on that.

This is a year project per stock yeah I have been out of 2 stocks after 4 months each. But I go into each stock with a 1 year plan. We will see how things go.

If you would like to get FREE MONTHLY UPDATES from , you can sign up for our Stock Doubling Newsletter by entering your email address in the box below.


Feel free to contact me at if you have any questions.

Steve Hoven

Risk disclosure and system result disclosure: This is not a prospectus; no offer on our part with respect to the sale or purchase of any securities/currencies is intended or implied, and nothing contained herein is to be construed as a recommendation to take a position in any market. It is possible that at this date or some subsequent date the owners, directors of Alley Cat News and its affiliates own indices/currencies/stocks, or buy or sell indices/currencies/stocks mentioned in this system or those not so mentioned. The intent of this site is for informational purposes only. The material presented herein has been obtained or derived from sources believed to be accurate, but we do not guarantee its accuracy. The Information is not intended to be and does not constitute financial advice or any other advice. The Information on this Site is general in nature and is not specific to you. You should not make any decision, financial or otherwise, based on any of the Information on this site without undertaking your own due diligence. You agree that any and all use of the Information, which you make, is solely at your own risk and without recourse to Alley Cat News/ or its owners. All trading involves high risk; past performance is not necessarily indicative of future results. There have been no promises, guarantees or warranties suggesting that any trading will result in a profit or will not result in a loss. Stock trading involves high risk and you can lose a substantial amount of money. Readers use the information and links entirely at their own risk. Alley Cat News/ does not accept any liability in respect of any loss or damage arising from or in connection with any use of the information on or accessed through this document or our company websites. All intellectual property rights in this report remain the property of Alley Cat News. THIS IS NOT A RECOMMENDATION!

Our Family of Websites