HOMS Homestore.com Message Board

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Technology Stocks : HOMS Homestore.com

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To: Tradelite who wrote (278)	6/12/2001 10:02:21 AM
From: cblranch	Read Replies (1) of 505

Tradelite, Thanks for your response. I do feel that the i-net is a great tool for the RE biz. My problem with HOMS is valuation and insider selling(GE Capital has filed to sell several hundred million $'s worth). The barriers to entry on this type of model do not justify in my mind the current valuation. I feel that all the major portals will bring a great deal of competition to HOMS in the future since the biz is so well suited to the i-net. I suspect someone like MS may have the means and deep pockets to improve on this model. We use a competing web site in our RE business, mainly as a hook to acquire listings. I bought some July 25 puts yesterday. Thanks again & Good Luck, Brad

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