Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (13203)	10/16/2001 10:01:56 PM
From: rjm2	Respond to of 78750

I sure would like to see some of the AWX insiders step up. None of them seem to care how cheap it gets. (Other than the CEO buying some last Dec) Need some advice on HTH (formerly HBI). Been succesful trading this one..untill now. Todays news reads really bad. Should I dump this thing at the open ? I am not good at taking losses & admiting defeat. "House2Home Revises Outlook for Third Fiscal Quarter Company Exploring Various Strategic Measures IRVINE, Calif.--(BUSINESS WIRE)--Oct. 16, 2001--House2Home®, Inc. (NYSE:HTH - news) said today that sales for the third fiscal quarter ending October 27, 2001 have been running approximately 25% to 30% below the run rate prior to the September 11 terrorist attacks. This is expected to lead to substantially lower sales and a greater net loss for the quarter and full year than was previously anticipated. ``We continue to believe in the House2Home concept but acknowledge that the unforeseen events of September 11 have exacerbated an already strained economic environment,'' said Herb Zarkin, chairman and chief executive officer. ``The continuing impact of these tragic events has raised the level of uncertainty surrounding ongoing sales levels, putting increased pressure on the company's liquidity and our bottom line. We remain focused on developing programs to strengthen sales and attract customers to our stores as well as considering any and all strategic measures with respect to the future of our business.'' To this end, the company also announced it has retained the services of Barrington Associates, an investment banking firm, to assist in exploring various strategic and financial alternatives. The company noted that it remains in compliance with its bank covenants, although the margins of compliance under its financial performance covenants are decreasing as the sales downturn continues. House2Home expects to announce third quarter results in mid-November. "