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Strategies & Market Trends : HomeLife: A Global Franchise Real Estate Company (HMLF) -- Ignore unavailable to you. Want to Upgrade?

To: EubieV who wrote (352)	3/13/1999 1:00:00 AM
From: Mr. Sunshine	Read Replies (1) \| Respond to of 383

Eubie, you have been talking to yourself these last few posts, so I thought I would jump in with a few comments. Great quarter! The fundamentals of this company are great! Even before the latest quarter, the price to sales and price to book were around 0.50. The price to earnings was 8! With this great quarter, the numbers get even better. Eubie, some questions since you seem to have become the HomeLife guru (or guruness, if there is such a word). First, how are they funding these purchases? Debt, cash, stock? Or are they just selling their franchise concept? Second, when is the annual meeting? Third, there were HomeLife offices in Canada long before Andrew & company came south. I bought at the IPO, and think they told me that the Canadian offices were not included in the new company. Do you know if this is true? Last, I would not count too much on the new mortgage company. It is a very cyclical business. 1998 was a great year, but almost everyone who could refinance has already. The purchase market is still hot, but now we have many more loan companies and agents (they all got in for the easy refi's) chasing less business. I expect to see some consolidation this year. Great investing to all, Steve