Definitely looking a lot better with a "4" at the beginning of the price again. There's still a decent chance my target of $52/share by the end of April will be reached. I realize that looks difficult now, but it would be a very reasonable valuation there. And with still about six weeks to go, and PHM now above $40, well - it can still get there, by then. Regardless, PHM is still extremely well positioned for the future, has been an excellent multi-year holding, and is a terrific value here.
I haven't been posting here for a while, but PHM is still my #1 holding, #1 HB for the long term (as I've mentioned on other boards such as DHI and LEN). I've got a pretty good feeling that we've seen PHM in the $30's for the last time, until at least the next 2/1 split. We'll see. Have a great weekend, all.
You really think so? I seem to recall a lot of bulls typing the same kind of B.S. before Enron bit the dust - and Worldcom and - well you get my drift. The only reason some of the builders went up today is things were so bad in the most recent report there is an absurd belief that will somehow force the fed to stop raising rates. But what they don't seem to know is that the fed's hands are tied. It will have to continue raising rates more than most people think because the U.S. must continue to entice foreginers to buy its debt - hard to do when the dollar starts to tank again. Put a fork in this thing. It's done.