Sht for brains, the market started running back up which is why HOV recovered, as did most others stocks that were falling badly when the market was doing the same today. Go ahead and rationalize it by saying hedge funds are now pounding the table on this.
Think what you want and keep drinking that Kool Aid!
Based on current information forecasts for the second quarter ending in April 2016, for Hovnanian Enterprise by four Wall Street analysts following the company range from $-0.02 to $0.01 per share and have a consensus estimate of breakeven.
BTW, bostona#ole, I have you on ignore so don't waste your oxygen trying to respond to my posts. I consider you a moron. I have been buying options today on HOV. The clawback is a great sign. Took place after 2pm when the hedge funds return meaning while the small scared money like bostona#ola, was selling off with tears in their eyes, the funds came in later and were buying on a big garbage day. That is a really good signal. Very bullish. Now if HOv will just deliver rapidly, this has a good chance of doubling.
I don't have time to go into how land banking agreements go and I am sure you are not interested. They are in no way landlords. This is a very silly comment which makes me question if you just want to bash this company regardless of outcome.
You miss the point on Nor. Cal. They own the lots now and ARE BUILDING on them for a profit. If they want to buy MORE land the price is crazy and therefore the home prices will be high. If they think it is due for a downturn(and it is) they are making the right move to not buy more land. Hence the exit from the market. If they buy land at the top of the market and starting building and then the market crashes you will be the first person telling us how stupid they are.
Other builders are commenting on the difficulty to find profitable land to build on. Unless you are Toll Brothers with an average home price of $1.7 million in San Fran it is hard to make the numbers work.
If your comments were more balanced you might make a better impression.
IT looks like a very small player in San Fran. Bigger draw down in Tampa. Should be able generate a lot of cash in the next 24 months... LAnd pend down and turnover of the two areas. Will be interesting on how much they get for the Carolina property.
If the "land bankers" are putting pressure on hov management to move and buy back the land they are the land lords. they hold the paper how can you not see that. They must be paid. and as far as san fran, yes so they are building it so should they not make money if prices are increasing. what do I care if more land cost more? I thought they owned all of this land and were going to now benefit from their holdings? If I were you I'd be po'd
You raise great points.
PumperDan was exalting the September presentation, like you point out. Cognitive dissonance is now setting into his brain because they scrapped that plan for this new plan. Now PumperDan has to jump to the conclusion that this means they are preparing to be bought out. He will never admit to being wrong on anything and will just keep changing the storyline.
He did this with SD and many other stocks that went against him for long periods of time, before being delisted.This is why I try to warn people about him so they do not get suckered in and lose their money.
The frothy statement want about San Fran. As far as San Fran they are actually building out the homes on the land(same as Tampa), not selling it. Only NC and MN is being dropped. They just don't want to buy more land in San Fan which is understandable. calling the Nor Cal. market frothy is actually an understatement. So there is nothing inconsistent there.
You are right with them looking clueless. I can't say I understand your comments about "landlords". They do not rent anything and land banking is not a landlord situation. They hold the rights to buy the land.
I am sure the banks aren't happy, but hey this is the life they chose.
I have no issues with people posting differing opinions. What I do have problems with is arrogant windbags who are often very wrong, who sucker naive investors in with their made up rumors and other BS.
That is why I keep warning everyone about PumperDan. He gets some stocks right but others he gets very wrong.
Drink PumperDan's HOV Kool Aid!
Another confusing statement is stating that pricing has risen and the market is "frothy" If they already own the land and are building out the community rising prices would be healthy and helpful. these statements are made up. You are correct about the disingenuousness of these new excuses. Hovs new landlords were not happy with their plans and want to rein them in. at least that's my guess. I think you hit that one correctly.
They are terribly managed and now look clueless. If I were long I would be very worried. They are in trouble. I think now its going to be the land holders that will be calling the shots. Ara thinking he was in control and so smart now finds himself in a position he is not used to, which is under someone else's thumb.
I will try to answer your question. First, HOV is in no jeopardy. Their book is much higher than their stock price. They have the assets. Why a change in direction? Somebody got educated. There is a severe and unrelenting dollar liquidity shortage. The Money supply is shrinking and speculators are hording dollars to avert the damage of a bond market collapse. The Fed keeps tightening which will hill mortgages. The chatter that mortgage rates are still low is meaningless if there is no liquidity to make the loans. How did HOV figure this out? Their CCC+ bond rating, assures that they must go to private equity markets to get funding and refinancing. But those guys are smart and private money is way more expensive than the Fed window but there is no dollar liquidity so the private lenders can and will eat HOV alive and have no reason to refinance. HOV knows this and has learned this over the last year. They thought the problem would remit but now they know Yellen is on the verge of triggering a global recession. US exports are at a 7 year low, which means no exports. Businesses that export are shutting down. Steel is dead, coal dead, ore dead, copper dead. Nothing is moving. Look at housing. Shortages of supplies, distributors closing shop. Consolidation, margins dropping fast. They are all unloading inventory. They are all deleveraging. We are headed into a full blow FED and Obama caused recession. Finally somebody at HOV sees this and they panic and they present a plan for deleveraging without stating the obvious that they want to sell assets at value. That is ridiculous. They simply need to pull the plug on non producing assets get out, scale down, cut costs as if they are landing an aircraft in an emergency. Drop altitude and keep the forward speed, basically dive the plane.
This is a liquidity recession caused by the Fed and Obama using the dollar as a political weapon. This is exactly what happened in the 1930s. Completely avoidable but stupidity rules.
Yes, information sure is being digested. How have you enjoyed being wrong all the way down?
Yes, HOV sure is a great play says another lackey who drinks the Kool Aid!
Europeans i recession have properly reduced rated to increase liquidity. This unfortunately sends the dollar higher, oil lower and markets move to the crazy death spiral. Like it or not HOV must deleverage in the present climate. There is no way around it. In fact, the sooner they delever the better. Nothing is going to improve until October when the Yuan comes on a a reserve currency. That will force the dollar lower and that will improve dollar liquidity which is presently starving the US economy. This choke hold by the Fed is the stupidest thing in history except for them triggering the Great Depression in the 1930 by tightening. Remember that the money supply only dropped 3% in the 1930s enough to destroy the US economy for 15 years. HOV must assume the worst which is that Yellen and the present administration are completely clueless. This has been the problem all along but HOV didn't pick up on it over the entire last year. In simple terms when the dollar reserve currency rises from speculation, it dries up liquidity and destroys the economy. This was intentional stupidity to punish Russia and the unforeseen consequence was it nailed the US economy in the process. Worse that moron Yellen is still talking up a rate increase. She has krap for brains. And Trump is complaining about foreign currencies devaluing. Yesterday New Zealand devalued, and others will as long as the nosebleed dollar destroys liquidity. This is the entire reason why on single currency should be the reserve currency. If anything a reserve currency should be a synthetic currency and held within very tight parameters. Using the dollar reserve as a political weapon is going to damage the USA forever. There is absolutely no way that a stupid politician should be able to trigger a global recession by using that currency to sanction other countries. That is a violation of the whole function of the reserve currency. It amounts to an act of war. US conduct is reckless. HOV DELEVER NOW.
The manipulation in this stock has been something awful. If not for the blatant manipulation this stock would already be $5 by now but thank God it will soon be bought out and we will all make an easy triple.
Drink the Kool Aid and buy up!
The answer, my friend, is blowing in the wind (bag).
Starting another one of you rumors, PumperDan? You have started many rumors on many message boards but you are always wrong. West Face Capital will buy HOV out at triple its current value, IMVO. LOL
PumperDan was in a frenzy on the EVC board last year telling everyone that EVC was going to be bought out by West Face. Everyone is still waiting on that one.
Folks, just know that when PumperDan starts coming up with rumors it means he is really frustrated at having been wrong for a long time so he needs to change the storyline. This will help sucker more longs in while he keeps averaging down to then sell to barely break even or take a small loss when things don't pan out in the longer term.
Keep drinking the Kool Aid and coming up with rumors.