Wall Street 'WizKid' Profiles Home Solutions as Stock Pick of the Week on DailyTrends.com
08 June 2004 - 4:57AM
PR Newswire (US)
Wall Street 'WizKid' Profiles Home Solutions as Stock Pick of the
Week on DailyTrends.com 'Stock Can Double Within Next 12-24 Months'
According to DailyTrends.com Report DALLAS, June 7
/PRNewswire-FirstCall/ -- Wall Street "WizKid" Chris Lahiji, who at
20 is the youngest person ever to professionally manage a mutual
fund, has selected Home Solutions of America, Inc. (AMEX:HOM) as
his "Stock Pick of the Week," saying the stock could double in
price within the next year or so. Lahiji, whose investing talents
were promoted to the investment world in a Business Week Magazine
feature article last April, manages the Frontier Equity Fund
(FEFPX) and is also the President of DailyTrends.com. Lahiji, in
his report, stated that, "If the year looks anything close to first
quarter numbers, the stock, in my opinion, can double in share
price within the next year or so. With revenues growing 70%
(comparison to 1st quarter 2003), $0.02 in EPS, and a forecast of
$0.10 to $0.14 this year without any additional acquisitions, the
company is profitable and expecting more. Demand is especially
strong in California." The report also noted that, "The housing
boom will obviously slow down due to the rise in interest rates but
I still think that demand for interior services like carpet
cleaning and cabinet installations will remain strong. Since so
many homes have been built in the last five years, they will also
have more potential customers (by default), which shall ultimately
help the bottom line. They (Home Solutions) are also in the process
of acquiring a home warranty company, which will also be accretive
to earnings on top of all this organic growth. Kind of like icing
on the cake if you ask me." Chris Lahiji is the President of
DailyTrends.com as well as the Co-Manager of the Frontier Equity
Fund (FEFPX). He has been featured in magazines and newspapers such
as BusinessWeek, Barron's, Money, Institutional Investor,
Kiplinger's, IBD, Los Angeles Times and has appeared on CNN "In the
Money," CNNfn, PBS "Wall Street Week with Fortune," Forbes.com, and
CBS Marketwatch in the past year. DailyTrends.com, a Wall St. Pulse
company, is an Internet based Financial web site that provides
self-directed investors information on selected public companies
that in the opinion of DailyTrends.com have great investment
potential. It is a non-registered investment advisor. Safe Harbor
and Disclaimer: DailyTrends.com is an information source only, not
a solicitation to buy or sell securities. Certain statements
pertaining to earnings and growth are "forward-looking" within the
meaning of Section 27A of the Securities Act of 1933, Section 21E
of the Securities Exchange Act of 1934, and as defined in the
Private Securities Litigation Reform Act of 1995. DailyTrends.com
intends that such statements be subject to safe harbors created
thereby. Actual results may differ from those expressed or implied.
Information has been compiled from sources deemed to be reliable,
but accuracy is not guaranteed. Investing in securities is
speculative and carries a high degree of risk. Investors should
perform their own due diligence and fully understand all risks. For
more information on Daily Trends, visit:
http://www.dailytrends.com/ Statements included in this update that
are not historical in nature are intended to be, and are hereby
identified as, "forward-looking statements" for purposes of the
safe harbor provided by Section 21E of the Securities Exchange Act
of 1934, as amended by Public Law 104-67. Forward-looking
statements may be identified by words including "anticipate,"
"believe," "intends," "estimates," "expect," and similar
expressions. The Company cautions readers that forward-looking
statements including, without limitation, those relating to the
Company's future business prospects are subject to certain risks
and uncertainties that could cause actual results to differ
materially from those indicated in the forward-looking statements,
due to factors such as those relating to economic, governmental,
technological, and other risks and factors identified from time to
time in the Company's reports filed with the SEC. Home Solutions is
a niche provider of specialty residential services including
Restoration Services and Specialty Interior Services. The Company
has operations in the California, Texas and Florida markets and is
rapidly growing its core business through both an internal and an
acquisition strategy. For more information on Home Solutions,
please see our website at http://www.homcorp.com/ . CONTACT: Cormac
Glynn, CEOcast, Inc. PHONE: 212-732-4300 DATASOURCE: Home Solutions
of America, Inc. CONTACT: Cormac Glynn of CEOcast, Inc.,
+1-212-732-4300, for Home Solutions of America, Inc. Web site:
http://www.homcorp.com/ http://www.dailytrends.com/
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