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Strategies & Market Trends : HomeLife: A Global Franchise Real Estate Company (HMLF) -- Ignore unavailable to you. Want to Upgrade?

To: Nancy McKinney who wrote (374)	6/10/1999 4:24:00 PM
From: Mr. Sunshine	Read Replies (1) \| Respond to of 383

Nancy and all, Several years ago Homelife did send frequent news releases. I am not sure why they stopped, maybe they saw that it was not helping the share price that much, and it does cost money. As for China, this will be either a brilliant move or a disaster. It has potential, but the risks are enormous. There are reasons why property is cheaper in China than in the U.S. What if China outlaws foreign ownership of real estate in China? What if U.S. - China relations nosedive (e.g. China invades Taiwan, there is war over the Spratley Islands, another Tianamen Square type incident, etc). What if it is found out that they are using child or prison slave labor in Homelife's factory? What if the U.S. freezes all Chinese assets over here? Also, to what extent is this going to distract management from what should be their primary focus -- building a great real estate franchise. I assume Andrew and gang are smart enough to weigh the positives and negatives and only to invest when the odds are greatly in their favor, and also assume that they are not betting the farm on this. I do not mean to sound so negative, this could actually be a great deal for Homelife and for the shareholders. Crossing my fingers... Steve