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Homestore faces shareholders

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Homestore will host its annual shareholder meeting today in Los Angeles. Investors likely will question the company's outlook for profitability and how it plans to compete with the latest entrants to online real estate, including Barry Diller's LendingTree. Homestore provides marketing exposure and technology products to the real estate industry. The company also operates, the official Web site of the National Association of Realtors. The company's stock (Nasdaq: HOMS) traded at $3.81 a share this morning, little changed from the previous day's closing price of $3.83. Overall, Homestore's stock performance is up from this time last year when shares were trading at below $2. In the past year, Homestore narrowed its quarterly loss, struck a deal with Microsoft, settled major class-action lawsuits brought against it and achieved year-over-year quarterly revenue growth. Despite these milestones, investors have questioned whether the company's current business model should ...