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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (1185)	11/25/2007 9:38:44 PM
From: Q.	Respond to of 1931

hmm, that might explain the interest of shorts "HOMESTORE Founder Convicted of $67 Million Fraud --- HOMESTORE founder and former chief executive Stuart Wolff has been convicted of conspiracy, insider trading, making false regulatory filings and lying to auditors in a $67 million accounting fraud case --- 10 former HOMESTORE executives have already plead guilty to related charges in the case. " I did check the Legal Proceedings section of the most recent 10Q, and it gave no hint of scandals in the past, and it said only this: "We believe that there are no claims or actions pending or threatened against us, the ultimate disposition of which would have a material adverse effect on us." Different management now, maybe, but just as well to pass on this one, despite the cash on the balance sheet.