We have a vertical monopoly here. Onward and upward !!!!
Well I finally went long and at a good price 5.25. I have owed HSOA in the past but was not a shareholder today. As I have stated before I am in the disaster restoration business and have worked along beside C and B and Cotton during Hurricane Katrina and Rita. They are both very aggressive well run companies. They are head and shoulders above HSOA in branding and sales and CHYS management is head and shoulders above HSOA‘s as well or at least I think that they are. . In fact I had never even heard of HSOA until I got home from Katrina last December and it showed up on a stock screen. I have known about Cotton and C and B for years.
I did finally learn all about the C and B deal but not from Kim. I am convinced after analyzing it that CHYS could go to above 15 a share by the end of the ear because they have a price performance guarantee as part of the deal. They have used price performance guarantees as part of there other accusations and have met them.
Huston Texas id the home of every major restoration company in the Untied States including the largest Belfore and Paramount IRS . Huston has more water damage than any other city in America hence the proliferation of mega restoration companies. I maintain a presence in Huston myself.
Another interesting note is a guy named Mel Harris owns 6 % of CHYS. Mel is presently Chairman & CEO of Preferred Employers Group, Inc. (NASDAQ: PEGI). Preferred is a Managing General Agent for American International Group and writes workers compensation and property/liability insurance through safety group dividend programs for the fast food and convenience store industries.
He also serves as President of International Insurance Group, Inc. an insurance brokerage company located in Miami, Florida, and New York City and works in association with Kaye Insurance Associates, L.P.
Mel is a major producer for American International Group, the leading U.S.-Based international insurance organization and the nation's largest underwriter of commercial and industrial coverage’s. He maintains a very close working relationship with them and many other major carriers.
I would say that our C and B , Cotton Company will get the lion share of Insurance Restoration work that Mel’s companies give out.
We have a vertical monopoly here. Onward and upward !!!!
