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Hovnanian Enterprises Inc. Message Board

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  • Reply to

    Technical breakout

    by rpsgmed Mar 31, 2016 3:07 PM

    I'm not too sure of that. hov's recent failure to break above 1.60 may be an indication of further failures. the chart shows a descending line which looks bearish. I think it breaks down and tests the lows. if it holds a 1.39 it may turnaround.

  • Hovnanian Enterprises Inc. (HOV) is one of the largest homebuilding companies in the U.S.

    Hovnanian Enterprises has a Zacks Rank #2 (Buy) and a VGM Score of B. The company has expected earnings growth of more than 100% for the current year. The forward price-to-earnings (P/E) ratio for the current financial year (F1) is 5.96, lower than the industry average of 10.77.

    Sentiment: Strong Buy

  • On watch for clear above $1.66. The buy rating at 9trading is set to 5.5.

  • Time is money. That’s why instead of sitting around on yahoo finance you should join ULTIMATE STOCK ALERTS (google them). They alert small cap stocks (no pennies) and thus far I have not had a

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  • Reply to

    Thoughts

    by daninfw04 Mar 29, 2016 12:36 PM

    No question the time is past for Ara to go. The stock would jump 10-30% on the announcement. The last conference call really got me. He kept using this one word about 6-12 times. I think it was "granularity". He sounded like a pompous #$%$. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Thoughts

    by daninfw04 Mar 29, 2016 12:36 PM

    Hov has or used to have a architectural department, design studios, quality assurance and a few others. many of these positions are not necessary of can be cut since the goal is to be profitable instead of large. what exactly are the architects designing? I've seen some of the plans, they were not done in house. I fear these are status symbols for ara. just like the manhattan example. My motivation in part is the fact that I know this company pretty well. and like to share that knowledge. Ara is the main problem, without him the company would likely do much better. he needs to get out of the way. he is the type of guy that would hire an expensive expert or advisor because he was told he or she was the best then not listen to a word they said and do what he thought was best. arrogant. The employees are in many cases really knowledgeable, dedicated and work very hard etc. etc.

  • Certainly the fall after earnings made a lot of sense, but existing home sales were ok, new home sales good, and pending home sales good. Lennar and KB both hit the ball out of the park with earnings and had positive comments about the future. These are all things that should have buoyed the stock, but they didn't. The rest of the home builders have shot up during the same time.

    HOV will either catch up to them or they have to fall back. More news coming- The property sales will have in the next month, then the May 15th payment is due, and then earnings again in early June. Something has got to give.

  • Reply to

    Thoughts

    by daninfw04 Mar 29, 2016 12:36 PM

    The #1 controllable expense in virtually any business is payroll. Very little else you can control to much of a degree once you get down to it. I worked for a company that was bought out by a competitor. They got rid of all the secretary's and administrative assistants except for one to share with 10-12 execs. We answered our own phones. This is a $9 Billion dollar company where the President still answers his own phone. I retired from this company and the stock averaged a 27% annual increase for almost 15 years before I retired. There is fat in any organization. I also agree they need to eliminate some of those 6 figure jobs. One of them is equal to 3-4 others. I remember a few years ago when Ara rented a bunch of space for millions in downtown Manhattan because he thought HOV needed to have a presence in the financial community. Now they won't loan him money........Homeseek, I often agree with you, I just don't know your agenda. HOV has always been poorly managed. History says they either change or get changed. That's what I bet on. The recent swift change in direction was orchestrated for an undisclosed purpose or reason. DaninFW

    Sentiment: Strong Buy

  • HOV is the Latest Pick at StockMarketVideoc (Google them)

  • Reply to

    Thoughts

    by daninfw04 Mar 29, 2016 12:36 PM

    Much of what you are stating makes perfect sense. and there are no buts from my view. In fact much of what you wrote is what i've been saying. What hov will do is pretty much what they have done in the past. lighten up on the people that actually produce the product and keep the high end bosses that produce nothing or very little at best. They are not being decisive in their choices of building and product either. at least that's my knowledge of a large project that are starting. The truth is they seem to be in chaos.

  • I was looking at their total of full time employees relative to the industry. PHM has a little over double the FT employees but almost three times the sales. BZH has just under half the employees but over 75% of the sales of HOV. Looks to me like HOV is very top heavy which could be their profitability issues. Looks like they need to reduce headcount in line with competition. That appears to be major issue instead of pulling out of a few markets to raise cash. The six communities they are selling at a loss of $10.6 million written off or impaired last quarter had pre-impairment book value of just $34.4 million and will only produce $23.8 million in cash in Q1. They said the other properties being sold would not need impairment but we have no idea how much cash will be generated. I was convinced the first plan would have worked but it was a 3-5 year plan. The current plan looks to be just thought up on a whim but in reality I suspect the bankers and lenders said they wanted to see results now. HOV keeps having a history of looking like they are turning the corner and then more impairments. IMVHO if they had also written off several million in severance payments last quarter and said they were reducing headcount and expenses, the stock may have really popped. They cannot keep current headcount going into 2017 and beyond with revenues flat lining or dropping unless they really make up margins somewhere else. HOV management is not making the real tough decisions. The analysts are not helping either. They blast the stock and then raise revenue and EPS expect and then next quarter when they miss by a hair the stock gets hammered again. The analysts hated last quarter yet raised revenue expect from $620 million to $649 million and then EPS expect from 0 cents to 2 cents. Now if they beat the previous $620 million expect but come in a few million under $649 the stock will get hammered, If they make a cent but not 2 cents it gets hammered but it beat the 0 cents. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Spring fever ...hot summer market

    by georg_washingtn Mar 28, 2016 9:19 AM

    That's ridiculous hahaha

    Sentiment: Strong Buy

  • Reply to

    Spring fever ...hot summer market

    by georg_washingtn Mar 28, 2016 9:19 AM

    The PE is price Earnings there are no earnings 3.88 means nothing.

  • Reply to

    Spring fever ...hot summer market

    by georg_washingtn Mar 28, 2016 9:19 AM

    That being said and a forward PE of 3.88 ~ LOL ~ STRONG BUY INDEED :)

    Sentiment: Strong Buy

  • Reply to

    Spring fever ...hot summer market

    by georg_washingtn Mar 28, 2016 9:19 AM

    Yet hov is unable to make a profit.

  • = = 10 bagger

    Sentiment: Strong Buy

  • THIS STOCK HAS 1 DIRECTION,DOWN

    Sentiment: Strong Sell

  • Average long-term U.S. mortgage rates declined this week after three straight weeks of increases. The decline could be a spur to prospective buyers as the spring home buying season gets started.

    Sentiment: Strong Buy

  • the Commerce Department said Wednesday that single-family home sales rose 2 percent to a seasonally-adjusted rate of 512,000 units in February, beating expectations.

    Sentiment: Strong Buy

  • Bearish Longer-Term Movement - Video at StockMarketVideoc (Google them) - HHOV

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HOV
1.67-0.03(-1.76%)Apr 29 4:01 PMEDT