Since the CEO was on his show, the stock has been a real dog - lower lows, lower highs than the rest of the sector. Downgrade by Zacks (what do they know?) - am I missing something? When are they going to announce a dividend?
Zack's is #$%$. They upgraded HMST 11/2 from neutral to outperform, then HMST beat Zack's estimate for earnings and Zack's downgraded them back to neutral on Jan. 1. Even though Zack's hasn't upgraded HMST since they downgraded them in January, they issued another downgrade Feb. 28 (yesterday) downgrading them from outperform to neutral, even though they already had them at neutral. Their target price is $29.90. I hold another stock, ATRS, that Zack's ADDS to it's it's list of downgrades every Friday. How many times can you ADD something to a list? I think Zack's is in bed with some hedge fund.
I know really struggling to make any gains. Screw Zacks they are useless. By the way where did you see their downgrade. I didn't see anything. Yes the Cramer curse is on but I can't find any reason other than it;s too thinly traded why this shouldn't be more near $30.
Dividend wont' happen until later thsi year. CEO seemed to indicate that.