Current Liabilities Accounts Payable $252,794,000 Short Term And Current Long Term Debt $311,211,000 Other Current Liabilities $81,924,000 Total Current Liabilities $645,929,000
They go 138 milion cash, but 645 million of short trem debt-doesn't sound too cash rich to me. It looks like they are using debt to jack up the stock. So why don't they pay off their bills? Why buy back shares at these lofty prices/. 5 months ago they could buy themback for 130/share-why pay 300 now?
Another 18000 shares just sold-some heavy player is lettin go of NVR.
Forbes rates NVR highest of highest investment grade for purchase. Strong buy back continues, and they are buying at 290 to 300 a share, because franchise intrinsic value is at least 750.00 a share based on 7 million outstanding and present EPS of 30 a share..If earnings continue upward to 35 a share, stock will continue to soar. NVR paying a premium for debentures of 20 per, so as to get outstanding down to 5 million outstanding. Have a great day