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Re: bill1228 post# 835

Thursday, 11/23/2006 11:52:59 AM

Thursday, November 23, 2006 11:52:59 AM

Post# of 17133
If you ever wanted a start-up with $47millions in net assets but worth pennies, this is it. Watch-out for more acquisitions coming soon. The CEO’s profile speaks for itself. The SFNN has bought companies worth several hundreds of millions (1).Consumer Direct of Colorado $100 million, (2) Las Vegas Mortgage $246 million, (3) Neighborhood Acceptance $50 million, (4) eHomeCredit $500 million, (5) Allstate Funding $440 million). Total $1,336,000,000. (SFNN portfolio of companies is worth 1.3 billion)The return of capital is already visible. Just from the net assets, SFNN is undervalued. From Net Earnings, SFNN should be trading at o.50 IMO. The CEO is not the hype sort that spends time convincing investors to but SFNN stock. Rather, he is a serious business manager who cares more about the operations of the company and letting the numbers speak for themselves. I like that in a CEO. Looking at all the previous threads, everyone seems to agree that the company is undervalued big time, and because it is a reporting company, there is more accountability and transparency. The earnings that were reported were for the Q ending Sept 30 and did not include income from one of the units. This coming Q ending December 31 should look better because the expenses from acquisition that were in previous Q will not be included this coming Q. Also, This coming Q will be the Annual Financials, meaning that we could easily see the EPS at .06 making this stock worth about .85 by end of year as soon as the market corrects this undervaluation we have. The good thing with SFNN is that it is within that U.S. and can easily be verified and the market activities pertaining to SFNN operations can be easily assessed because it revolves around fed interest rates. If you need verification of the share structure, you can call the CEO or email him. I know companies without Revenues and without net income trading above SFNN which has it all. We will get to .50 by end year and .85 when the next Q is filed IMO. If you are tired of losing money in pinkie-land, then stick around at SFNN because the numbers speak for themselves. SFNN is looking forward to (1) AMEX/NASDAQ qualified, (2) to Become dominate industry leader, (3) to become Largest “Retail” Broker/Banker in US. SFNN is targeting to buy companies with the following features: (1) Must be Independent Mortgage Broker, (2) $100 - $300 million loan volume(3), $2 - $10 million revenue, (4) Profitable. For every $100 million of acquired loan volume, Shearson receives $100,000 per month in incremental revenue = $1.2 million per year, 50% falls to bottom line. SFNN’s mission is Our Mission to Consolidate the Fragmented Mortgage Brokerage Market via Acquisitions of Regional Brokers. SFNN has Strong Management Team with Successful history of acquisitions and integration, and History of turning acquisitions into profits. Management has closed over 50 transactions during last 20 years and has Strong technical, legal & financial background. What else can you ask for in a company?

CONTACT INFORMATION
Michael Barron
Chief Executive Officer
Shearson Financial Network
6330 South Sandhill Road
Las Vegas, Nevada
702-868-7922
mbarron@shearsonhomeloans.com
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