WASHINGTON, Jan. 3, 2002 (PRIMEZONE) -- The Securities Sleuth (http://www.securitiessleuth.com) takes a behind-the-scenes look at various securities irregularities and their impact on investors.
Just as the New Year started, Homestore.com (Nasdaq:HOMS) announced that it would restate its 2001 revenues. HOMS investors have been unable to trade the stock since December 21 and Nasdaq extended the halt indefinitely.
More information can be found in an article published earlier today on the Sleuth's Web site.
The Securities Sleuth is co-edited by Bob Davis and Mark McNair, the team that previously produced a site named by Forbes magazine as its favorite "Guard Dog" on its "Best of the Web" list. (http://www.forbesbest.com/asp/category.asp?category=Guard+Dogs)
Davis is also the editor of The Napeague Letter (http://www.napeague.com), whose "Suspicious Stocks" column profiled "excessively-promoted" stocks. Bob's column has earned kudos for its analyses from Forbes, The Financial Times, Online Investor, Money Magazine and the San Francisco Chronicle. Mark McNair is an attorney in Washington, D.C., who previously worked for the SEC and whose practice focuses on securities class action litigation.