HomeLife: A Global Franchise Real Estate Company (HMLF) Message Board

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Strategies & Market Trends : HomeLife: A Global Franchise Real Estate Company (HMLF)

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To: MoneyBaggs who wrote (231)	10/9/1998 3:39:00 AM
From: Mr. Sunshine	Read Replies (2) of 383

Does anyone talk Fundamentals on this thread? I reviewed the financials for the year ending May 31, 1998 a couple days ago. (After finding this thread I called to find out why they have not sent me any information for a long time, and found out that they did not get my last change of address). The company had Sales and Earnings growth of over 100%. Using a price of $1.00, it had a price to sales ration of about 2.5, and a price to earnings ratio of 33. Not bad for a relatively new company. The PEG ratio is an awesome 0.33. Price to Book is a value investor eye catching 1.3. Using today's closing price of $0.531 the numbers would be almost twice as good. What about Growth? 100% for the year ending May 31 1998 is pretty good, but how does this year look? As you know, I work for a Homelife franchise in San Diego. Since I have almost no idea what they are up to in Newport Beach, let me just talk about real estate in general in Southern California. It's hot. Real hot! I understand Homelife has an interest in a mortgage company. With interest rates at 30 year lows, the mortgage business is booming. My mortgage business (not directly related to HMLF) has tripled in the past month. I would suspect that even without expansion, sales and earnings could again grow from 50 to 100% this year. Add to this the expansion that the company is doing... The down side is the miniscule market cap. No one has any interest in a company of $3 Million despite the best events of the PR department, solid growth and the great value. IMHO, I think HMLF is a great buy at these levels, but you need to be willing to wait for a long time before the company will be seriously recognized. Put a few shares of this one away for your retirement and 20 years from now you'll be able to brag that you were there at the beginning. Good Investing to All, Steve

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