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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: FHM who wrote (10632)	7/11/2005 12:42:32 PM
From: Crossy	Read Replies (2) \| Respond to of 37387

re: Amex: HOM (Home Solutions of America) $1.46 I really like this company and established a position. Patentlawmeister is right, they benefit from abnormal weather patterns such as hurricanes.. Almst all of their business is in n the south.. I think their business model is a smallcap version of BILLION DOLLAR company "Servicemaster" (SVM). And all of HOM's activities are related to "housing" in some way. Yet, nobody would find it when browsing GSIC industry codes because their industry is tagged as "Business services" - which makes it another "stealth play", these are the ones I like best ! Their recent acquisition of Cornerstone will allow for growth of more than 50% year over year by 2005 exit IMHO.. To finance the Cornerstone deal they issued a convertible, but it's a harmless one, with a conversion price in the mid $1.30 area and not a floorless.. great pick for sure, you can expect me doing a write-up on it.. CROSSY

To: FHM who wrote (10632)	7/11/2005 8:17:56 PM
From: Patentlawmeister	Read Replies (1) \| Respond to 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."