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Strategies & Market Trends : Turnarund Investing

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Aug 1 5:00 PM EST

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From: KirbyJF1	5/15/2012 11:38:31 AM
	Read Replies (2) of 1876

NovaSTAR's Appraisal Arm "Streetlinks" Grew 221% from 2011 Quarter During the three months ended March 31, 2012, we continued to grow StreetLinks and significantly increased its appraisal volume. For the three months ended March 31, 2012, StreetLinks had revenues of $41.7 million, as compared to $18.9 million for the same period in 2011. StreetLinks has produced net positive cash flow and earnings in 2011 and the three months ended March 31, 2012 and is expected to continue producing net positive cash flow and earnings for the foreseeable future. During the three months ended March 31, 2012, Advent generated revenues of $8.0 million and $5.8 million for the same period in 2011. The majority of the revenues are recognized during the first quarter due to seasonality as a significant portion of their business is generated during the income tax season. The Company expects minimal additional Advent revenues for the remainder of 2012. Hey Enronbuyer I thought you said they were going to go bankrupt????? What a Bumbkin Kirby

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