Current Assets 18,707,000 Total Liabilities 10,427,000 Accum Deficit 22,195,000
Revenue
Year 2002 Zero Year 2003 10,565,000
Net Income (loss)
Year 2002 255,000 Year 2003 119,000
EPS Diluted (loss)
Year 2002 (0.05) Year 2003 (0.02)
Clips From Recent News:
"...awarded an $825,000 indoor air contamination project which is being performed on a large condominium complex in California. The Company has already started work on the project, which is expected to be completed in August 2004."
"...funding on a $4 million senior secured convertible ...convertible at a fixed price of $1.88 per share ...facility will provide sufficient funds to close our previously announced Florida acquisition... first calendar month of this fiscal year, will have nearly doubled its annual revenue...moved from break-even EPS to profitability"
Home Solutions is actually a holding company acquiring a variety of home renovation and home repair companies, with emphasis on toxic mold removal.
This is a start up company currently operating in the red ink, this is, at a loss. However, losses are very minor and show a strong improving trend. It appears HOM has moved into the black ink this new quarter, which is in keeping with their trend. They should be reporting a net profit next 10Q filing.
Be sure to read their SEC filings. Some lawsuits are active but appear to be a "clean up" of those companies they have acquired. This is positive despite legal problems.
HOM is about to acquire another company which appears to be very profitable, based on recent statements released.
I would consider HOM to be a renewable product because there is a good market in home repair.
My personal projection is HOM will break 3.00 per share within six months and might break 4.00 per share in one year.
Current entry price is 1.74 to 1.78 and rising.
Never buy, sell nor hold based on my opinions. I could wrong. You could lose money. Be sure to perform extensive research, consider all data careful and make a prudent decision.
Still a good buy at those prices. Looks like HOM may move a little faster than my projections, least for short term.
Next serious obstacle will be 2.00 per.
Be careful. As you know I could be very wrong on this stock. It is very possible I am leading you to loss of money. Do your research, make careful decisions. Do NOT give too much credit to articles I provide. I make mistakes, often!
Just yesterday Diana saved me from a lot of loss. Sometimes, I make bad choices.
posted
Originally profiled at 1.74 to 1.78 per share, despite the Feds stomping on the markets, HOM is actively trading today at 1.90 to 1.96 per share, with a final closing price of 1.905 for a small amount, performed by a Market Maker right at closing bell, apparently with hopes of driving prices down for Monday market open.
I am guesstimating HOM will break 2.00 per share late next week and hold.
For those who bought in, you have a bit of good news to compensate for all the red ink this week.
Always remember I am not a professional investor and what I write is only opinion. I could be wrong. Following my opinions could lead you to loss of money. I sure hope not!
posted
HOM broke 2.00 per share this morning as anticipated.
Doubt this will hold today but should hold by the end of this week.
You are up anywhere from .20 to .25 per share on HOM. Not bad for only seven to ten days. I anticipate HOM to continue to slowly climb in value over the next couple of months.
posted
I am too conservative. HOM broke and held over 2.00 today. Doing well so far. I would expect some sidewards trading for the rest of this week. Perhaps we will see 2.10 to 2.15 by Friday. Cross your fingers!
Looks those of us who bought at my original profile are up a good twenty-five cents per share, and climbing!
I sure hope this proves to be a winner. Don't allow me to mislead you. There is always a chance prices will fall.
posted
Purl Gurl, I've been in this stock for over a month now and recently found "allstocks". I had run across many of your posts on other boards over the past week and was happy to find out today that you have been in this one. I was relieved to see that the Florida aquisition went through today. Trading was a bit wierd today but it could have had something to do with the late start on the AMEX. Are you staying in this one? It's a slow mover but I see alot of upside medium to long term. I'm just trying to decide if I should take some profits now or if this thing could see another 50 cents over the next month or so. Any opinions?
Posts: 14 | Registered: Feb 2004
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posted
I have some comments about HOM under my "AMEX Shut Down" article.
Yes, the AMEX crashing today did have an effect on HOM. Before the bell trading was at 2.10 per share up until the crash.
Market Makers were preparing to manipulate prices, things went south, some low bids and asks became "hung" in the system. When AMEX came back up, prices were all messed up. At least one Market Maker was burnt because of his low ask price (manipulation) which someone grabbed, then prices jumped.
So today's news never really had a chance to kick in; none could buy nor sell.
My personal projection is HOM will exceed 3.00 per share within three to six months. In one year, 4.00 per share is likely.
HOM is quickly moving from red ink into black ink. Next 10Q filing should be fairly decent. These companies they have acquired appear to be profitable lending well to a good 10Q filing.
Home repair is a "renewable product" in a sense because there is never a lack of business. This Florida acquisition should prove very decent. Florida is populated by retired people with lots of time, lots of money, and home repair and improvement is a favorite activity amongst that age group.
Recent profits coming out of California for their Condo project will be quite a boost for their 10Q as well.
Personally, I see nothing but slow steady upward price motions, on the average.
posted
Last year they were able to convert 6MM of Debt to Equity above market prices. Let's hope that trend continues With so few shares outstanding dilution shouldn't be much of a problem. Hell, It would be nice to see some more shares trading hands on this one.
Posts: 14 | Registered: Feb 2004
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posted
Recent market crash has moved HOM down to an excellent buy price range.
Today's news is very encouraging and should result in a decent uptrend. Full article can be found through your usual sources.
Purl Gurl
(snipped for brevity)
Mar 3, 2004
Home Solutions of America, a niche provider of specialty residential services, announced today financial expectations for its first quarter ending March 31, 2004 and full year ending December 31, 2004. The Company expects first quarter revenues of between $5.5 million and $6.0 million and net income of $0.02 to $0.03 per share. For the full year, Home Solutions anticipates revenues of between $29 million and $31 million and net income of $0.10 to $0.14 per share. Home Solutions expects to generate between $4.0 million and $4.5 million in EBITDA for full year 2004. The Company does not expect to pay federal taxes in 2004, utilizing its tax loss carry-forwards.
posted
If you look at technical charts, you will discover HOM is now fifteen cents below bottom support. Appears Market Makers are preparing to run prices back up to to the 1.50 to 1.55 per range.
Picked up an additional five-thousand shares late today. This is my first major buy in these bad market conditions.
Very high risks because of market conditions, low volume stock, but does appear to be ready to bounce off bottom support.
Be careful. I cannot make any accurate projections under these market conditions. You could easily lose money.
posted
I was thinking of you today, watching HOM drop. Around noon I put my limit order to buy in at 1.35, we'll see if it gets filled tomorrow. I suspect we think alike, which hopefully will be a good sign for me down the road!
Posts: 1698 | Registered: Mar 2004
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posted
Purely a technical play on my part to average down, with hopes of some future profits, or at worse, to cut losses to a break even point.
Technical charts strongly indicate this is it; lowest possible prices. HOM is at its 52 week low. Very doubtful a new low will be set, save for falling a couple of cents below that today.
Two of the three Market Makers working HOM, are the same two who shorted RNDC so severely a few weeks back. This time, I think (hope) I have jumped in at the lowest point of shorting. Should be according to technicals.
HOM does have decent financials and their future projection is very good although I tend to discount projections somewhat. Nonetheless, they have a history of moving strongly from losses to profits, rather fast for a new company. Fundamentals are very positive.
Filings show they are working on paying off debt which is a positive signal.
I am very surprised HOM dropped this far. Along with good fundamentals, Peter Leeds is featuring HOM at his site.
Really should not be surprised, though. I am watching other stocks which are taking a worse beating, lot worse.
Pushing my luck here, purely a technical analysis play, with fingers crossed for a bit of good luck.
For casual readers, a bit of background detail on what I am really doing, which might help new investors to understand some strategies during bad markets.
I sold all of my RNDC today, for a very small profit, a few hundred, to release eleven-thousand in cash to put that money to better use rather than wait for profit.
Previously, I was caught offguard with RNDC, which has excellent financials. Bought at what appeared to be a very low price. Later, Market Makers shorted it something awful. At close to bottom short prices, I dumped six-thousand into RNDC to average down, which paid off by allowing me to escape without any loss, with a tiny profit.
I chose today because of severe low prices for HOM, in which I was already vested, and RNDC prices seem to be stuck for now, although I expect mild growth in the coming weeks.
RNDC came first because of a higher amount of money invested with greater potential for losses. HOM is next because of a lesser amount of vested money, thus losses would be lower. Triage, worst injury first.
Releasing that eleven-thousand allowed me to average down my buy price for HOM by sixty-three percent, placing my current buy price below the historical support price around 1.50 to 1.55 per share.
In summary, I am working on cutting losses by averaging down one stock, breaking even, then rolling over into the next worst stock to average down, with hopes of at least breaking even on it.
No profits in this but losses can be reduced to zero or maybe a profit of a few hundred.
This is a strategy to manage your money in times of bad market conditions. In a sense, you do profit by not taking terrible losses. Kinda like being set back to square one and starting over again.
There are risks, but moderately acceptable. Prices could continue to fall but this is countered by having averaged down. Volume could drop off making it difficult dump at a price you want. Another risk is the more shares you have, the faster growth in your losses or in your profits.
Biggest risk is being afraid to dump on falling prices after averaging down. Once you have averaged down, never hold with hopes falling prices will rise, don't chase prices downward; simply jump out and move on.
An annoying risk is prices on a stock you averaged down and sold to break even, those prices may suddenly skyrocket, and usually do about the time you sell!
Money management, art of making profits and reducing losses. Both are of great value to investors. Both are profits.
posted
My 1.36 limit order sat unfilled all day, as did my .76 GUSH. You may have caught the bottom yesterday, we'll see if I'm being too quibbly about a few cents. GUSH I think I'll catch at .76 over the next few weeks before it goes back up, but - of course I may miss the boat and be wrong, wouldn't be the first time!
Posts: 1698 | Registered: Mar 2004
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posted
Prices beginning to move up based on mixed news coming out of HOM today, reporting very significant increases in revenue but for a mild net loss due to some write downs for acquisition deals.
Forecast for first quarter and year 2004 are very good.
posted
That's a nice pick. Their ER already showed a turn-around because of the net income if taking into account the contribution from the newly acquired company. It will be traded at $3.00-4.00 in the near future, IMHO.
Posts: 12 | Registered: Feb 2004
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Mild increase in losses in keeping with their aggressive acquisition of other companies. Significant increase in cash flow, with a very good future prospect.
posted
Looking good the past few days. Volume's low but the drop down was on low volume as well. Will we see 1.80's this week? My guess would be yes. At first I was kicking myself for averaging down at 1.39 because I hate doing it. Hopefully it pays off this time.
Posts: 14 | Registered: Feb 2004
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posted
News just in from HOM with a nice jump in prices, immediately following.
Purl Gurl
(snipped for brevity)
Apr 12, 2004 Home Solutions of America... announced today that its backlog has increased 40% for the remaining nine months of its fiscal 2004 year...Significant orders are being received from nationally recognized homebuilders, fueling this increase.
The Company's Specialty Interior Segment, which includes the recently completed Southern Exposure acquisition, is experiencing strong demand in its Florida marketplace.
"...is poised to show approximately 20% annual organic revenue growth over the next few years...."
posted
And now bounced back to 1.59, where it was. I agree this looks like excellent news for HOM. Don't understand why not more of a minor jump in prices and quick retrace on the heels of this very positive news. My general conclusion from watching HOM and NWD this morning seems to be that sometimes people don't seem to be paying attention, I feel like I'm on a 'different page' at times. Hopefully it's not the wrong page!
Posts: 1698 | Registered: Mar 2004
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posted
now down .08, at the low of the day. 15 minutes after good news released. makes sense to me! a lot of buying opportunities today: HOM, GUSH, NWD - *sigh*, should have left more in trading cash so i could have taken better advantage!
Posts: 1698 | Registered: Mar 2004
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posted
odd behavior the past few days: spiked up to 1.64 yesterday (a full week after positive news), now bouncing fairly rapidly between 1.50 and 1.65 today (after being fairly flat most of last week).
Posts: 1698 | Registered: Mar 2004
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