HSOA – Sell Recommendation

By: ispeculatornew
Date posted: 08.15.2007 (12:00 am) | Write a Comment  (0 Comments)

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HSOA – Home Solutions of America (Nasdaq) (Closing Price – $4.70)

Home Solutions of America released their second quarter results last week and posted moderate results. However, HSOA’s management did not provide additional details about their disputed New York and Florida contracts. They also did not provide guidance and they said they were going to delay providing a balance sheet until they talked to their lenders about the resolution of a note related to the acquisition of Fireline Restoration. In light of the many issues surrounding Home Solutions and the lack of information given by the company I am going to recommend to sell HSOA.

I am not going to go into the details of Home Solution’s second quarter earnings release because Home Solution’s financial numbers have become secondary to the company’s integrity and reliability. I plan on writing a final commentary about how HSOA and Stocklemon have both misled investors for their own interest and how the SEC has dropped the ball by failing to act.

Disclosure: I currently have no position in HSOA.

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