Housevalues is a television direct response company whose product is leads for real estate agents. Their core product web sites are single page where people enter name and contact information.
Their new website, Homepages.com, has a ton of problems, some of which may not be solvable(business model in nature).
On the accounting front, Housevalues, recently changed their amortization schedule for customer lists from 1.5 to 3.1 years. Kind of wonder why when their average customer is with them for only 14 months. In addition, last months G&A expenses was reduced, on a one time basis, because of a favorable tax settlement.
Oh, don't forget, last quarter, for the first time, Housevalues actually had LESS RE agents as customers, then the previous quarter.
Big troubles that a good balance sheet can cushion, but not solve.