By Tobin Smith|January 13, 2015, 8:42pm GMTJan 13 2015
Searchcore…via its Wisdom Home of America subsidiary…has a big audacious mission: to become the largest independent manufactured home retailer in the U.S. by opening 30 retail centers in Texas and surrounding states over the next 60 months.
The game plan is simple: meeting the significant growing demand for quality, affordable residential housing in their respective markets with unique home/lot packages affordable across the income and credit quality spectrum.
By Tobin Smith|November 13, 2014, 3:36pm GMTNov 13 2014
We entered the manufactured housing industry because we believe the industry offers a unique opportunity to assist a large number of potential homebuyers acquire an affordable house.
By Tobin Smith|November 4, 2014, 2:20am GMTNov 4 2014
SearchCore’s (SRER) Wisdom Homes of America (WHOA) is delivering 1800-2200 sq. Manufactured Homes on ¼ to ½ acre lots in the Shale Energy Belt of the United States—primarily Texas—at very affordable prices 25% UNDER rentals.
CNBC is reporting first time buyers are now at lowest level in 30 years…because of lack of affordable housing solutions.
Clearly SRER is delivering the right product at the right price and the VERY right time.
By Tobin Smith|October 29, 2014, 5:56pm GMTOct 29 2014
SearchCore (SRER) announces agreements to acquire residential lots in an attempt to provide a solution to increased housing demand in Texas.
Today, the company announces that it has entered into agreements to acquire 15 residential lots located in the Tyler, Texas area. The 15 residential lots range from approximately a quarter to a half-acre. The company anticipates having all or a majority of the lots sold within 90 days.
By Tobin Smith|October 20, 2014, 6:56pm GMTOct 20 2014
Key Point: Merriman Capital, an investment bank which is 100% focused on the <$500 million microcap space, initiated a buy rating on NBT Equity Research sponsored research client SearchCore, Inc. last week (see disclosure below).
We also hold a short term 12-18 month value target of 30 cents per share on 3X multiple of sales-200% appreciation from here.
By Tobin Smith|October 6, 2014, 11:30pm GMTOct 6 2014
INVESTMENT THESIS
A significant value creation opportunity for SRER shareholders comes from SearchCore’s now completed corporate pivot from technology provider to becoming a major independent manufactured home retailer within the booming “Shale Energy Belt” within the Southwest United States.
NBT Research estimates .25-.30 value for SRER shares in next 12-18 months based on .03-.04 EPS in fiscal 2016. Current stock price is .06.
