Business
Despite Increases in Q2 Revenues and Profits, Hannover House Stock Price Wallows Under Artificial Pressures
Despite Increases in Q2 Revenues and Profits, Hannover House Stock Price Wallows Under Artificial Pressures.
About this update from Hannover House, Inc.
[{"type":"text","content":"Hannover House, Inc. (OTC: HHSE), a leading independent distributor of films, books and entertainment products, posted its eighteenth consecutive quarter of profitability with the Q2, 2014 filings released to the OTC Markets and S.E.C. Edgar database. But despite the company's solid results and fundamentals, limited investor awareness has created an artificially suppressed share price, which Hannover House feels can be turned into a tremendous growth opportunity for savvy traders.\n \nRevenues for the three-month period ending June 30, 2014 were $891,190 with operating, pre-tax profits of $241,647. These 2014 results represent a significant improvement over the company's Q2 results from 2013, which tallied revenues of $223,802 and operating, pre-tax profits of $39,377.\n \n\"We need to do a better job of communicating our successes, results and activities at Hannover House,\" said Fred Shefte, President. \"Our current share price is illogically and irrationally low, trading at a Price-Earnings Ratio of only 3.3 against our industry sector P/E average of 22. By all measures, the company's stock should be trading at a 6-times greater share price. With our upcoming launch of the VODWIZ portal and our major theatrical and video release schedule, there's strong evidence that the stock value indicator is even greater,\" he concluded.\n \nTo build investor awareness, Hannover House will immediately implement a long-term \"investor-relations\" outreach program, including a full-time, dedicated staff representative. The company will expand on its current social media activities (with Facebook and Twitter), and will add outreach to stock groups, investment funds and high-net-worth investors. Additionally, the first in a series of quarterly investor \"Report Card and Update\" brochures will be mailed to all shareholders of record in early September, and will highlight current and upcoming activities for the company. It is Hannover's belief that an informed – and expanded – shareholder base will dramatically increase the share price and volume of daily trades, and in doing so, reduce the absurdity that sometimes occurs in a low-volume, low-information environment.\n \n\"Over the past four years, Hannover House management has focused all resources on building our film and video di...