Markets

Watch List for Tuesday 2-1-2005

Here's another company to keep your eye on, I don't believe it will stay at current prices very long.
There's one thing we can all agree on, that's home building is up. New neighborhoods are popping up like weeds. Turn on the TV and you see shows like Extreme Home Makeovers, and Trading Spaces. Americans love their homes and the gadgets that go into them.
LRCJ is a home entertainment and technology solutions provider that offers builders and homeowners a single source for their audio/video, home theater, security, computer and home automation needs. Through its company- own stores, LRCJ subsidiaries work directly with builders and homeowners, to design and install home technology solutions that fit the homeowner's lifestyle and budget.
Homes are advancing, and LRCJ is positioned to benefit from this growth. Home audio/video, security systems are now standard on new homes. LRCJ has completed its first acquisition, Syslync of Georgia (Georgia). The company plans to acquire 3 more locations in the next 4 months Georgia currently has annualized revenues of $500K and is expected to double its monthly revenue in the next 6 months. The three next acquisitions will add an additional $2.5 million in revenue.
TECHNICALS
LRCJ has only been trading since Nov, which makes it a candidate for high growth. A few weeks ago LRCJ had a run to the .20 level which is double it's current price. What this means and the investors who bought at that price will have to hold and wait until the price comes back. Volume is slowly picking back up.
RECENT NEWS
Lauraan Corporation Announces High-End Home Technology Partnership With Integrated Media PR Newswire (Fri, Jan 28)
Lauraan Corporation Announces High-End Home Technology Partnership With Integrated Media PR Newswire (Fri, Jan 21)
Lauraan Corporation Announces New Servicing and Builder Agreements PR Newswire (Fri, Jan 14)
Lauraan Corporation Announces Signing of Letter of Intent to Acquire Syslync of Texas PR Newswire (Thu, Dec 2)

posted by Juan Dosil @ 11:11 PM