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Strategies & Market Trends : YEEHAW CANDIDATES
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To: OldHack who wrote (5846)11/7/2004 5:32:34 PM
From: JoeinIowa  Read Replies (2) of 23958
 
OH,

I was some of that volume on IPII. I have also wondered about managements thinking and their timing of the reverse stock split. If they thought this quarter was going to really knock down the price then a 5-1 might not be enough to make the NAS $4 requirement. Plus they own 25% so I doubt they are doing anything to hurt their shares. Without the hurricanes I thought they would do .30 for the year. Even without the reverse split I thought they might be in the $3-5 range based on a 10-15 PE. Now a move to NAS I would say they should get a PE above 10. The only issue I have with them is they will only have 2M shares outstanding and a very small float. That will turn off some investors because there will be extreme price movement and possibly a wide spread.

On HOM I also own some shares there. They do have a large part of their company in FLA. Its only their clean up service thats been getting new work there since the hurricanes. Not sure whats holding them back. I expect a good quarter announced in the next week. Here is some HOM info.

In February 2004, Home Solutions acquired Southern Exposure Unlimited of Florida, Inc., SE Tops of Florida, Inc. and 50% of SouthernStone Cabinets, Inc. (together, SE). SE provides specialty installation services, including cabinets and countertops to homebuilders and homeowners throughout southwestern Florida.

Joe
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