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Profile - HomeGold Financial, Inc. (OTC BB:HGFN.OB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | SEC | Insider | Financials
Location
113 Reed Avenue
Lexington, SC 29702
Phone: (803) 996-2000
Employees (last reported count): 693
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Consumer Financial Services
Company Websites
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Ownership
·Insider and 5%+ Owners: 46%
·Institutional: 1% (2% of float)
(6 institutions)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
HomeGold Financial, Inc., together with its subsidiaries, is a specialty finance company primarily engaged in the business of originating, selling and servicing sub-prime first- and second-lien residential mortgage loan products (Mortgage Loans). The Company sells a significant portion of the loans it originates, primarily through two methods, whole-loan cash sales and securitization. HomeGold originated $597.0 million, $234.0 million and $785.3 million of loans during 2000, 1999 and 1998, respectively. The Company's major operating subsidiaries are HomeGold, Inc. and Carolina Investors, Inc. On April 28, 2000, the Company approved a merger agreement with HomeSense Financial Corp. and affiliated companies, a privately owned business, located in Lexington, South Carolina. The merger was consummated on May 9, 2000.
More from Market Guide: Expanded Business Description

Financial Summary
HomeGold Financial, Inc. is a financial services company which originates, services, sells and securitizes mortgage loans. For the six months ended 6/01, revenues rose 22% to $27.8 million. Net loss before extraordinary item declined 8% to $17.3 million. Revenues reflect an increase in loan production due to the merger with HomeSense and an increase in average loan origination fees charged. Lower loss reflects the absence of a $1.6 million provision for credit losses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Pay

John Sterling, Jr., 62
Chairman
$209K
Ronald Sheppard, 42
CEO
--  
Forrest Ferrell
Pres
--  
Rhonda Johnson
CFO, Exec. VP
--  
John Crisler, 43
Exec. VP, COO
104K
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:HGFN.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 29-Dec-2000
$0.219
Recent Price$0.30 
52-Week High
on 1-Sep-2000
$0.844
Beta0.57 
Daily Volume (3-month avg)8,682 
Daily Volume (10-day avg)6,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change-49.5%
52-Week Change
relative to S&P500
-32.2%
Share-Related Items
Market Capitalization$5.07M
Shares Outstanding16.9M
Float9.10M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)-$2.24 
Earnings (ttm)-$1.72 
Earnings (mrq)-$0.43 
Sales (ttm)$3.12 
Cash (mrq)$0.94 
Valuation Ratios
Price/BookN/A 
Price/EarningsN/A 
Price/Sales (ttm)0.10 
Income Statements
Sales (ttm)$52.6M
EBITDA (ttm)-$12.8M
Income available to common (ttm)-$29.0M
Profitability
Profit Margin (ttm)-55.1%
Operating Margin (ttm)-73.1%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-12.93%
Return on EquityN/A 
Financial Strength
Current RatioN/A 
Debt/EquityN/A 
Total Cash (mrq)$15.8M
Short Interest
As of 8-May-2000
Shares Short0 
Shares Short
(Prior Month)
78.0K
Daily Volume39.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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