September 7th, 2005
SpeculatingStocks.com Stock Pick: Home Solutions of America, Inc. (HOM)
Price: $3.86 (long-term strong buy)
Home Solutions of America, Inc. provides restoration services and specialty interior services. The Company has operations in California, Texas, Florida, Alabama, Georgia and South Carolina.
We believe HOM is just beginning to prosper from the housing boom that has been occuring the past couple of years. For the second quarter, the company reported revenues of $16.1 million, a 117% increase over the same period last year. Net income came in at $1.1 million for the quarter.
Full year earnings per share guidance was increased from $0.14 - $0.18 to $0.18 - $0.20.
HOM volume has increased dramatically over the past two months. More and more investors are realizing the potential of HOM.
SpeculatingStocks.com Target Price: We expect HOM to reach $8.00 within the next 3-6 months.
|