RIDGELAND, Miss., Sept. 12, 2005 (PRIMEZONE) -- Knobias, Inc. (OTCBB:KNBS) announced today that it has selected Southern Energy Homes, Inc. (Pink Sheets:SEHI) as the SPOT of the week in the Knobias Small-Cap "ClipReport."
Southern Energy Homes, Inc. is engaged in the production and sale of manufactured and modular homes and the operation of three component supply divisions. SEHI produces homes sold primarily in the southeastern and south-central U.S. SEHI operates five manufacturing facilities to produce homes sold in 21 states.
The Bulls say:
-Hurricane History: Unfortunate hurricane devastation has proven beneficial for SEHI. Hurricane activity in 2004, especially "Charley", generated an additional $13.1 million in revenues for SEHI. In the second half of 2004, SEHI sold 455 single section units for temporary housing under a contract with the Federal Emergency Management Agency (FEMA). SEHI shipped a total of 4,328 homes in 2004, an increase of 20% Y/Y compared to a 0.1% industry decline.
The Bears say:
-Over Enthusiasm: It's no secret that Katrina has caused an unprecedented need for housing. Since August 29, SEHI has jumped from $5.35 to a high of $7.68 on 09/06 (+43%). The September 2 Wall Street Journal article also helped bring SEHI to the attention of many investors. This hurricane-driven move has increased SEHI's trailing P/E from 13 to 17. Without specific guidance regarding Katrina's actual demand, expect short-term traders to take profits.
The "ClipReport" is a daily newsletter distributed FREE to anyone interested in proprietary news and insight concerning small-, micro- and nano-cap stocks. Each week Knobias independently chooses one company to be highlighted in the SPOT. To qualify for selection, each company must: 1) trade on the Nasdaq National Market, Nasdaq Smallcap Market, Amex, OTCBB or Pink Sheets; 2) have a Market cap of less than $250 million; 3) have annual revenues greater than $1 million, 4) have a closing share price greater than five cents, and 4) have average daily volume of at least 10,000 shares. Knobias is never compensated for SPOT selections, and NO position will be held in SPOT stocks by Knobias, its management or staff while the stock is being highlighted.
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To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. Knobias assumes no obligation to update any of the forward-looking statements in this release.