Wisdom Homes of America, Inc (OTCMKTS:WOFA) is a manufactured housing retail center owner and operator. Wisdom Homes is headquartered in Tyler, Texas. Today, Wisdom Homes of America, Inc (OTCMKTS:WOFA) opened at $0.0033 and so far as hit a high of $0.016 with more than 40M shares exchanging hands. Before today, WOFA had been trading at mere SUB-PENNY levels with no interest from the trading community. However, WOFA has quietly seen tremendous growth – particularly in their revenues. In fact, the company’s last reported quarter alone reeled in $1.25 MIL in sales – a 20% INCREASE over 2014’s ENTIRE Yearly Revenues. Further, as per the press release issued on July 9th this year, Wisdom Homes of America, Inc (OTCMKTS:WOFA) is projecting revenues of at least $4 million by the end of 2015.
In a latest press release, the CEO of Wisdom Homes of America, Inc (OTCMKTS:WOFA) Jim Pakulis stated that they are scheduling an expansive market campaign to begin in early September focusing on land/home transactions. Further, the press release also stated that WOFA is now aligning home buyers with selected residential lots and are working on getting them into their new homes. Below is the chart for WOFA:
It will be interesting to see if today’s ~700% gains are sustained in the long run or a major correction will hit WOFA at the end of the trading day today. Either ways, its important to always follow traders vigilance with penny stocks such as Wisdom Homes of America, Inc (OTCMKTS:WOFA).