Seen three wins already this week, these guys just keep finding excellent opportunities for their members.
I can remember the 1000's of posts last March that talked about the weather factor in why HOV wasn't rising and that all would be good come spring time. Well, here you are 1 years removed from last spring and look where it stands.
You people keep up the cheers because that is all you have. Rate increase will be coming and with them pain for the builders. look at the home ownership numbers. Many younger and first timers do not want to own anymore. here lies the problem. If they do not want to buy with the rates where they are now then when do you think they will.
Toll is a better bet because they sell to a more affluent buyer. not to mention its a better managed company
I'm sure you'll ignore my post because it makes sense. keep on dreaming
Smart Money has been buying HOV for months- see Institutional & Mutual Fund Buyers...
Sentiment: Strong Buy
This company is not Toll. Toll actually has assets and not only debt.
this company is leveraged to the hilt. one false move and this thing will crumble.
that is why no one will touch them as an acquisition. they bought too many over priced builders to get the growth they thought they needed. essentially they did what all the banks were doing get growth at any cost, loan money to anyone with a heartbeat.