Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Home Inns & Hotels Management
So what: Third-quarter revenue was up 21% to $131.5 million, and net income available to shareholders was $21.6 million, or $0.26 per share. It seems that Home Inns can't open hotels fast enough these days.
Now what: Home Inns stock is a little on the expensive side right now, but you can't argue with the growth the company is producing. Therefore, I would like to see a little pullback to give me a little more value before jumping into this stock. The long-term prospects look strong.
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