StockDoubling.com News
31 October 2006

HIHO (Which is my pick for the StockDoubling.com 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.


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Thanks
Steve Hoven
alleycatnews@alleycatnews.net

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