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Four Star Holdings, Inc. (fka FSTH) RSS Feed

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Four Star Holdings, Inc. (OTCBB:FSTH), operates as the 4th largest homebuilding company in the Birmingham, Alabama area, closely competing with D.R. Horton (NYSE:DHI), Hovnanian Enterprises, Inc (NYSE:HOV) and HPH Homes, LLC as a fully integrated builder and developer. The company operates in three segments, Land Development, Structural Community Planning including Homebuilding, and Realty Brokerage Services. The corporation is headquartered in Odenville, Alabama.

The Company is publicly traded fully reporting on the NASDAQ OTC Bulletin Board under the symbol FSTH.OB

Four Star Holdings Inc.
785 NE 83rd Terrace
Miami, FL 33138

Phone: (786) 554-2771


Share Structure:

As of March 31, 2010

Authorized Shares:  100 million

Outstanding Shares:  8 million

Float:  1.45 million

Latest Form 10Q:  www.otcmarkets.com/edgar/GetFilingHtml

Transfer Agent

Island Stock Transfer

100 Second Avenue South
Suite 705S
St. Petersburg, FL 33701


Press Releases:

June 3, 2010 -  Four Star Holdings Reaches Construction Milestone - finance.yahoo.com/news/Four-Star-Holdings-Inc-pz-1817158897.html

May 25, 2010 - Four Star Holdings Closes on 1st Part of $4,000,000 Transaction With D. R. Horton finance.yahoo.com/news/Four-Star-Holdings-Closes-on-pz-2006602697.html

May 20, 2010 - Four Star Holdings Encouraged by Upward Trends in Market  finance.yahoo.com/news/Four-Star-Holdings-Encouraged-pz-2552890112.html

May 18, 2010 - Four Star Holdings Acquires Four Star Realty  finance.yahoo.com/news/Four-Star-Holdings-Acquires-pz-980464459.html 

May 13, 2010 - Four Star Holdings Corporate Update  finance.yahoo.com/news/Four-Star-Holdings-Corporate-iw-496641078.html

 


About Four Star Holdings, Inc:

The company has acquired two private entities, Ridgefield Development Corp., founded 2002 by Bobby Smith, Jr. and Fran Mize and Four Star Realty, founded in 2006 by Fran Mize and Bobby Smith, Jr. Both companies combined have an appraisal of a "Fair Market Value" of approx $10.5 million. Future acquisitions are intended to be rolled in as audits are completed that are quickly expected to exceed $70 million with a $35 million debt service. The Company has over 5,300 building sites in the region with an average of $176,500 per unit sales which is anticipated to be completed in the next 8-9 years. This forecasts the company to average roughly $104,000,000 in gross sales yearly over the next nine years.

The companies have built to date over 1,100 single family homes, over 30 commercial properties, numerous multifamily projects and one town home complex with a number of projects currently in various stages of construction. Over the past 18 months during the housing crisis, the Company has shown stability of the company's operation and holdings; they have seen 60% of their Home Building Competitors dwindle due to over leveraging and higher than normal carrying cost of inventory. This is due to the Company's conservative inventory levels giving it the ability to sell homes at a better than average sale price compared to its competitors.  Four Star Holdings’ goal is to be recognized “as a primary source of building lots” in Alabama, at a time when there aren’t many other companies developing lots.

The Company's building region ranks as one of the leading business centers in the Southeastern United States and is also one of the largest banking centers in the U.S. Money Magazine claims that despite a poor real estate market and the housing crisis certain markets are expected to show price gains in the following months and years. Birmingham is one of the cities and towns which have been virtually uninjured by the economy, seemingly immune to the foreclosures that have plagued the rest of the nation. Along with the National Builder Association indicators, Birmingham has dramatic rise in multifamily starts, staging the Company's region number 3 compared to the rest of the country.

According to the Alabama Center for Real Estate's monthly home sales report, the total number of homes sold during the month of March showed a 49% increase over sales from February and a 14% increase over February of the previous year.


Directors and Executive Officers:

Fran Mize

PRESIDENT

 

Bobby Smith Jr

CHIEF EXECUTIVE OFFICER

Four Star, based in Odenville, Ala., was incorporated in the fourth quarter of 2009, and is a combination of several other companies that it acquired on March 31: Ridgefield Development Corporation and Four Star Realty. Both of those firms were founded, in 2002 and 2006, by Fran Mize and Bobby Smith Jr., who are Four Star Holdings’ president and CEO, respectively.

Mize and Smith have worked together for 12 years.  Fran Mize as a real estate agent and Bobby Smith Jr. as a second-generation home builder. Four Star Investment, the holding company’s home building entity, is an offshoot of Smith’s previous company, B&B Contractors

 


In the Media:     


Market Trends:  Alabama Real Estate   tbrander.wordpress.com/2010/05/11/birmingham-april-real-estate-sales-strong/

BUILDER Magazine:  Alabama Startup Wants to Control Its Local Market  www.builderonline.com/business/alabama-startup-wants-to-control-its-local-market.aspx

 


FSTH.OB Chart:

stockcharts.com/h-sc/ui

 

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