In a live extensive interview
with Market Rap, Heartland Inc. (HTLJ.OB) CEO
Terry Lee stated that he was in the process of evaluating an
acquisition of at least two more convenience stores to add to Lee
Oil Company's 23 current stores. Mr. Lee said that Lee Oil
Company represents the most stable part of the three Heartland
subsidiaries and creates consistent cash flow for the
company. He said the business has "significant growth
potential."
Lee also suggested that Heartland Steel Inc., a start-up
subsidiary of the company, could in three years produce 20-25
million in revenues and 1.5-2 million in profits. He noted
that in the future when the Heartland Steel subsidiary stabilizes
and reaches profitability, as long as "the stars align," they would
look at multiplying that particular steel service center business
to five centers with over 100 million in revenue just from that
subsidiary alone.
If that were to occur in a strong economic environment, the
company might then be generating more annual earnings per share
that the current stock price. Given that dream scenario, it
might be a good idea to watch this company carefully now and in the
future.
Go here for
the full interview.