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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area
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To: FHM who wrote (10632)7/11/2005 8:17:56 PM
From: Patentlawmeister  Read Replies (1) of 37387
 
The main attraction with HOM right now - for the momo players anyway - is the additional business to be expected from the hurricane repair. From the last earnings report,

Restoration Services generated first quarter revenue of $5.1 million, a 41.6% increase versus $3.6 million for the 2004 first quarter. The increase in revenue was a result of strong demand in Florida for restoration services as a result of the hurricane activity last year. Specialty Interior Services had revenue of $4.2 million, a 40% increase versus $3.0 million in the comparable year-earlier period.

"We are extremely pleased by the strong first quarter we recently completed," said Frank Fradella, Chairman and CEO of Home Solutions. "Despite being highly focused on closing the Cornerstone acquisition, we were able to capitalize on many of the opportunities in Florida and have positioned the company for solid growth in the region for years to come. We have clearly demonstrated that we can acquire companies that are accretive to our business and create synergies to increase organic growth. With the acquisition of Cornerstone, we have broadened our product lines and relationships with several of the leading home retailers in the country that has positioned Home Solutions to meaningfully expand its revenue base. Already, Cornerstone has begun to expand its relationships with Home Depot and Lowe's."
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