Value Microcaps Motherboard

[cliffvb]

HOM- Sanders Morris raised their rating but as stocklemon points out, they are hardly an unbiased reference as they recently received $2 Mil from a recent HOM offering. Interesting that, according to Yahoo, there are two analysts who follow the company. The other analyst, First Dallas securities just dropped coverage of HOM with this statement:
(And no, I don't see a press release on this one, like I did with Sanders "upgrade".)


We are dropping coverage of Home Solutions of America, Inc. (HOM). While feeling HOM is operationally sound, we are dropping coverage based inadequate control of corporate governance. We are not concerned over the legality of the Company’s assistance in the creation of American Renaissance Homes, but are concerned with the issues of subsequent stock sales by management following the announcement of HOM’s relationship with ARH. We feel the Company’s capital structure and business opportunities are sound. However, we are removing the Company from our coverage universe due to our lack of confidence in management’s recent judgment concerning corporate governance.