HMLD - within Dick Davis Digest, "stock picks for the year
00", we have been invited to submit our pick. We have decided to use HMLD.
HMLD is extremely boring and in our opinion very undervalued! HMLD is estimated
to have revenues of $600 million and earnings of .60 for 2000, has a book of
$5.33, no brokerage firm follows this situation. George Soros, the investor
owns 13% for one of his funds. Management has been net buyers of the stock on
the open market. We believe that HMLD is a great takeover candidate and we have
a target price of $10. On January 18, 2000, HMDL announced plans of acquiring
three more supermarkets in Oklahoma. Institutions have continued to buy, now
they hold 32% of the 4.3 mil shares. We still believe they are acquisition
oriented. The president of Wild Oats is the chairman of HMLD.
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