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Non-Tech
Heilig-Meyers (HMY) undervalued!
An SI Board Since November 1997
Posts SubjectMarks Bans Symbol
12 0 0 HMY
Emcee:  Chris Type:  Unmoderated
HMY sells almost at book value, PE=16.

Company Press Release

Heilig-Meyers Reports Sales Results for October 1997

RICHMOND, Va., Nov. 5 /PRNewswire/ -- Heilig-Meyers Company (NYSE:HMY), theRichmond-based home furnishings retailer, today reported sales results for the month of October1997. Net sales for the month increased approximately 81.5% to an estimated $187.1 million
compared to $103.1 million for October 1996. Sales in stores which were open for the comparablemonth in the prior year increased approximately 3.1%.
Net sales for the eight-month period ended October 1997 increased approximately 74.1% to anestimated $1.4 billion compared to $782.6 million for the same period last year. Sales in storeswhich were open for the comparable period in the prior year increased approximately 3.0%.
Heilig-Meyers Company, a Virginia corporation, currently operates a total of 1,190 stores; 863 asHeilig-Meyers, 171 as Mattress discounters, 100 as Rhodes, 23 as The RoomStore and 33 stores
in Puerto Rico as Berrios.

SOURCE Heilig-Meyers Company
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12 Hmy is trying to sale it's Rhodes division, if sold could be positive for djp-2/9/1999
11 Oops... I am guilty of reading (Yahoo) headlines and making false assumptions. Paul Weiss-12/2/1998
10 Friend-- HMY has broken out technically. The stock is definately running... whaPaul Weiss-12/2/1998
9 (NewsTraders) -- Heilig Meyers Co. (HMY) Vice President Steve Lytell filed to sNewsTrader-10/6/1998
8 July same store sales 7.6% biz.yahoo.comFriend-8/5/1998
7 More details on the Bear Stearn's upgrade. 12- 15 month price target is $1Robert Douglas-7/21/1998
6 UPGRADE---- Friend-7/20/1998
5 June same store sales up 7% on top of May's increase of 5.3%.HMY should movFriend-7/8/1998
4 This stock is now very cheap. It is selling at just 25% of annualized sales. jackhach-6/16/1998
3 I see a good future, low Asian exposure, etc. However, I didn't quite like Chris-3/29/1998
2 Long-time, no post(s). This is a BUY. Well managed and greatly improving cashjackhach-3/27/1998
1 All, Concerning: Heilig-Meyers Announces Restructuring biz.yahoo.com I'vWilliam Harvey-12/18/1997
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