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

To: jsabelko who wrote (66)	9/13/2006 11:57:02 AM
From: fedman	Read Replies (2) \| Respond to of 4080

Funny that you mention HSOA. That is my largest holding right now. Regarding AAII, the data is sold separately from the membership through a service called stock pro. It's something like $100 a year and is updated quarterly. It contains data on about 8000 stocks that allow you to run the filters. I've never subscribed to that additional service, as I feel a bit overwhelmed by data, but that's my understanding of how it works on AAII. I did try sending Bruwin a private message with this info, but then I saw the note about not being able to receive PM.

To: jsabelko who wrote (66)	9/13/2006 2:08:33 PM
From: bruwin	Read Replies (1) \| Respond to of 4080

Thanx for your "thanks" Joby ! I can only hope that folk get positive aspects out of my opinions on stocks. We often have our own personal strategies and outlooks, and that is probably what makes a Board such as this a constructive venue due to the diversity of contributions. With regard to HSOA .... Personally, I interrogate Turnover, EBITDA, Interest Expense, Pre-tax profit, and Bottom Line in the Income Statement, and Interest Bearing Debt, Shareholder’s Interest and Capital Employed in the Balance Sheet. I combine these into ratios and set percentage targets for a company to meet or exceed. With this in mind, I had a look at HSOA, based on its Annual Results. There’s been a very good increase in its annual Turnover, as well as its Operating Margin. The latter stands at a healthy percentage. EPS is also up. Its long term debt has declined, but its latest debt expense on its Income Statement is very high, at a pre-tax 47% of its Bottom Line. With a decline in debt I suspect this will fall off. The one area that, for me, looks less promising is HSOA’s Pre-tax Return on Capital Employed. For me, a company needs to do better than 13%. There’s not much that HSOA appears able to do about its Cost of Sales to T/O ratio. But its SG&A to T/O ratio has been falling, which is positive. Now if HSOA can continue to increase T/O and maintain these last two aspects, then more T/O Revenue should reach the Pre-Tax level which will increase its Return on C.E. It will also increase EPS, and all things being equal, it should reduce its P/E. This, IMO, should make HSOA more attractive "going forward", especially with its current TTM P/E standing at 12.4. But that’s just my opinion ...

To: jsabelko who wrote (66)	9/13/2006 6:13:18 PM
From: Bridge Player	Read Replies (2) \| Respond to of 4080

It occurs to me that HSOA would be in a position to offer jobs to some of the displaced New Orleans residents from Katrina, and maybe other locations in the rebuilding Gulf regions as well. It is not an insignificant advantage to have a ready labor supply to staff their current and (presumably) upcoming contracts. Providing that the necessary skills are available in that labor pool.......... Could you expand on your comments on a bizarre story and manipulation? Edit: Only after I posted that last part did I read the following link: biz.yahoo.com Also this: Message 22723355