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Commonwealth American Financial Group/James Monroe Capital Enters Negotiations to Acquire Northland Home Solutions, LLC
CHICAGO, May 10, 2006 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc./James Monroe Capital (Pink Sheets:CWFG) today announced that they have entered negotiations to acquire Northland Home Solution, LLC. The company believes it will successfully negotiate an acquisition of Northland Home Solution; it will be a perfect addition to the company's plans and growth strategy going forward while giving the company immediate inventory, and an established line of credit.
About Northland Home Solutions, LLC:
Northland Home Solutions, LLC of Iowa is in the renovation/rehabilitation of real estate business, the company acquires bank foreclosures and distressed properties in select/desirable locations at below market value then renovates/rehabs them and then put them back on the market for sale at a significant profit. The company currently has an inventory of high-end residential properties in various stages of completion.
Posts: 15 | From: PA | Registered: Mar 2006
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yet another positive PR but damn they would have to renovate a lot of things to make serious money! BUT as a branch of the entire comany it is positive, and brings in some money. ALWAYS a plus. This is so much better than the empty bs we had before
-------------------- let it ride!!! Posts: 635 | From: Orlando Florida | Registered: Mar 2006
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New - volume is good early but this thing is not moving at all.Like i said we need positive numbers to make this thing move.
Posts: 1086 | Registered: Oct 2005
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Oh I have patience Dal, just watching the accumulation thats all, I'll post a chart for the last month
Posts: 1343 | Registered: Nov 2005
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a lot of potential....and it seem our president want to give us everything we were asking from Ryals and Guthrie that we never had. i like him a lot!
-------------------- dont drink and drive!!! Posts: 884 | Registered: Dec 2005
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Even after three PRs from the new CEO the ask hasnt even gone upto 0.0002. LoL
What will happen next; if you dont get any PRs for few months from now. Dead again. LoL
Anywayz I am waiting till next April with my 20million of this.
-------------------- Investment Is Important, but Knowing where to make an Investment in your life makes all Difference Posts: 280 | Registered: Jan 2006
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Ice - IMHO the only thing that will make this move is to show us some numbers.They can show us all the pr's they want but people want to see numbers.We have been through a lot of pr's with this company through CEO changes and people will start to trust the ceo if he show's us #'s.I think most of you will agree with me
Posts: 1086 | Registered: Oct 2005
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yup, PR's are good, but all these small gains need to add up to a total nice income, once he is done bringing in all these companys he will hopefully put it all together with some good numbers I don't think we will move much until then unless he brings in a Giant Company
-------------------- let it ride!!! Posts: 635 | From: Orlando Florida | Registered: Mar 2006
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WOW !!! Look at this >>> PayChest Inc Pyct.PK BUY NOW! WEBSITE LAUNCH WITHIN 2 WEEKS!
HUGE NEWS!
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wallstreetgrapevine.com "Stocks on the Rise" named PayChest Inc. (OTC BB: PYCT)
1. Shareholders are partners. We view the company as a means to an end, allowing individual shareholders to own assets which are rare and unusual investments that are not generally available to the public.
2. We are in this together. All controlling managers own and will keep James Monroe Capital stock. “We sleep in the bed we make.”
3. Our businesses must generate exceptional profits. We will weed out “opportunistic” situations, distressed deals, and unusual bargains. To do this, we end up making a lot of offers to companies and individuals which are rejected… but due to the law of large numbers, “even a blind squirrel finds a nut once in a while.” If we make a hundred acquisition offers, and we only get two deals, but they are violently profitable, then we are very, very happy. We are here to “strike oil,” reinvest, and do it again.
4. Our businesses must have a future. A buggy-whip company might have been a good thing 100 years ago, but we want to make sure it will be making money tomorrow.
5. Our businesses must be safe. A former Indy 500 winner once said, “In order to finish first, one must first finish.”
6. Long term, we want to see our average rate of gain, in intrinsic company value, from a per-share perspective.
7. Accounting consequences will not influence our operating and capital-allocating decisions. A $10 earning that is non-reportable is better than a $5 reportable earning.
8. We expose our equity to very minimal debt, and only take on debt when it comes to highly leveraging new acquisitions where there is very little risk on our part—and that debt is one of two types: short term debt which is paid off very quickly (such as arbitrage financing), or long term fixed rate debt which provides cash flow from an investment which grows in value much faster than the interest rate being paid.
9. Despite the fact that we insist on buying everything at the “opportunistic” bargain price, we will not diversify by acquiring businesses at regular prices that ignore the long-term financial consequences to our shareholders. We are here to “strike oil”, not to earn 15%. We believe that over-diversification waters-down profits.
10. We will not sell our companies. We plan to buy into excellent companies at bargain prices, and keep them for long-term profits.
11. We will only issue stock when we receive MORE in business value than what we give. This applies to everything, including mergers, public stock offerings, stock-for-debt swaps, stock options,… everything. Any stock issuance is going to result in a gain for all shareholders by way of a bigger, better James Monroe Capital.
12. We will be open in our reporting to you, explaining the good, the bad, and the ugly when it comes to evaluating acquisition value. If we were you, that is what we would want. We owe it to you to be transparent about what we are doing.
13. Despite the fact that we are open, we only communicate through our website and through press releases. Competitors and others who seek inside information have shaped our “no comment” policy. Competitors and others who seek inside information will be politely referred to our website, especially since we like to see our managers working, not stopping to chat.
14. To the extent possible, we would like each James Monroe Capital shareholder to record a gain or loss in market value during a period of ownership that is proportional to the gain or loss in per-share intrinsic value recorded by the company during that holding period. For this to occur, intrinsic value and the market price of a James Monroe Capital share would need to remain constant, and by our preferences at 1-to-1. So we would like to see James Monroe Capital’s stock price at a FAIR level, not a HIGH or LOW level. Obviously, we can’t control James Monroe Capital’s price. But by our policies and communications, we can encourage informed, rational behavior by owners that, in turn, will tend to produce a stock price that is also rational. Whether the price is fair, high, or low, we believe that our business ethics will help James Monroe Capital enjoy the best prospect of attracting long-term investors who seek to profit from the progress of the company rather than from the investment mistakes of their partners.
Posts: 1343 | Registered: Nov 2005
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I just added a few more shares again and have about 5million shares total. Not much money to loose here but a whole lot to gain if this starts to move. Patience is the key here
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Wow whens the last time anyone saw Pre-market buys for CWFG --- scottrader showes 10 MIL already this morning
Posts: 1343 | Registered: Nov 2005
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