D.H. Marketing Buys Back 50,000 Shares.MILFORD Milford. 1 Residential city (1990 pop. 49,938), New Haven co., SW Conn., on Long Island Sound; settled 1639, inc. as a city 1959. Oysters and clams are gathered there for commercial use, and the city also has light manufacturing, such as the production , Pa.--(BUSINESS WIRE)--July 2, 1997--D.H. Marketing & Consulting Inc. is announcing it has been successful in purchasing 50,000 shares of the company's restricted stock to be held in Treasury. The company previously purchased 75,000 shares in the first and second quarters of this year. "Shares of D.H. Marketing & Consulting Inc. are undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. . Selling at less than twelve times current earnings and less than six times projected earnings, the company will continue to purchase shares of stock," said David D. Hagen Hagen (hä`gən), city (1994 pop. 214,880), North Rhine–Westphalia, W Germany, on the Ennepe River. It is an industrial center in the Ruhr district. Its manufactures include iron and steel, chemicals, machinery, paper, and textiles. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Hagen has himself increased his personal stake in the company, purchasing 7,000 shares of free trading stock in the month of June June: see month. alone, increasing his total position to 404,000 shares. The company has approximately 4,000,000 shares outstanding with 1,200,000 in the public float. "It is my belief that a large undeclared short position of approximately 300,000 shares is artificially suppressing our share price. It is my opinion that this short position has created a significant opportunity. The company and I have both acted, and will continue to act, on this belief," added Hagen. The company expects to formally announce second quarter pre-tax earnings of $.32 per share, exactly as forecast by management, within two weeks. Management of the company has also forecast third quarter pre-tax earnings of $.36 per share, 12.5% higher than the previous quarter and the seventh consecutive quarterly increase in earnings estimates greater than 10%. Reported earnings have likewise increased exactly in line with management's estimates. The company reported pre-tax earnings of $.04 and $.08 per share respectively for the second and third quarters of 1996, diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. to reflect the three for one stock split that occurred Feb. 25, 1997. Shares of the company are traded publicly on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Bulletin Board under the symbol "DHMG". CONTACT: D.H. Marketing & Consulting, Milford David D. Hagen, 717/296-8515 or 800/786-9613 http://www.dhmarketing.com |
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