I agree when they realize their out of the money they will scramble to cover.
my clients in SO CAL (SPF not one of them) are building their tails off....
Sentiment: Strong Buy
Someone must like the news that's coming...prior daily volume had been fairly light and we still have about 34 million shares short. Any steady movement upward and we may see some shorts trying to cover their #$%$.
Out at 8.30 on position I bought at 7.99...isn't this a great country!!! Still holding several positions in the low 8.00's that I will probably hang on to until earnings. unless this baby really starts to move up again.
Looks like we might be in for a little SPF rally in the news from around the world will stay a little positive for a few days. Plus we have an earning announcement coming at the end of the month...should be more good news.
“On the contrary, new home construction needs to rise by at least 50 percent for a complete return to a balanced market because supply shortages – particularly in the West – are still putting upward pressure on prices.”
Cramer has it as a $12.50 stock....
me too LOL you will be alright the 9 month slump in housing starts is normal for June...
I wonder what the number looked like compared to last June...
the builders all look to year in closings for fiscal reasons and it takes 4 months to build one.
it was a stupid take on the Starts Number
Sentiment: Strong Buy
Wait until earnings are released at the end of the month...my guess is that we'll see some movement then. SPF is still holding cheap land that it acquired during the housing slump and we're starting to see the benefits of that move in terms of higher margins on their houses, plus they have moved the pricepoint of their houses up so that they're not competing in the entry level homes. Again, higher margins and homes that are less tied to swings in the economy.
Need a couple of Housing news releases with some positive news to get us some upward momentum now. Again, with the earnings release from LEN that beat estimates, I am guessing that the news from SPF will be good, even when you factor in the acquisition they made earlier. GLTA
Reloaded again at 8.16 this morning. Still love the fundamentals of SPF. Higher margin homes in states where housing is still hot. Looking for good news when earnings are released at the end of the month. Gotta love this stock.