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To: ACAN who wrote (18448)	6/7/2006 2:05:34 PM
From: Galirayo	Read Replies (1) \| Respond to of 23958

Hey .. HOM Boy !!! Home Solutions Shares Regain Ground Wednesday June 7, 1:20 pm ET Home Solutions Shares Rise on Analyst Upgrade Following Heavy Tuesday Sell-Off NEW YORK (AP) -- Shares of Home Solutions of America Inc. rebounded Wednesday after an analyst upgraded the stock to "Strong Buy" following Tuesday's rapid-fire sell-off. Home Solutions, a provider of home restoration and specialty interior services, saw its stock add $1.80, or 26.5 percent, to $8.60 in midday trading on the American Stock Exchange. The analyst upgrade helped spark a surge in trading volume, as trades ballooned to more than 6.1 million at midday, compared with a daily average of about 2.8 million. biz.yahoo.com Shares have traded in a 52-week range of $1.28 to $14.14. On Tuesday, the stock plunged 30 percent after Internet blog StockLemon.com posted an unfavorable report on the company's recent contract with American Renaissance Homes, a newly formed company with plans to sell modular houses. In a statement Wednesday, American Renaissance charged that the blog's report contained "significant distortions and misstatements" regarding the companies' relationship. Home Solutions in May received a contract from American Renaissance it said would generate about $5 million in revenue this year. Also as part of the deal, the company agreed to lend privately held American Renaissance Homes $800,000 for working capital, contingent on the company meeting certain performance criteria. Sanders Morris Harris analyst David Yuschak upgraded shares of Home Solutions to "Strong Buy" from "Buy," given recent weakness in the shares. In a client note, he increased his per-share earnings estimates for this year and next and said he expects the company's stock to hit a price target of $15.50 within six months rather than an earlier 12-month time frame. Sanders Morris Harris served as Home Solutions investment bank and facilitated a private placement of the company's stock during the past year. Dallas-based Home Solutions has seen its share price climb sharply since last year's worst hurricanes ravaged the Gulf Coast, where the company has many of its renovation and interior services operations.