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PulteGroup, Inc. Message Board

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  • bluelivermore bluelivermore Jun 17, 2008 1:37 PM Flag

    This is the only homebuilder in the red:

    De Nile,this puppy(PHM) is in down a trend channel with an 11.45 confluence top,formed last week,kiss 15/16 confluence top goodbye.@11/12 now,this is the next leg down.

    PHM's floating rate credit lines have all been ratched down,with notice not to draw,in effect leaving them the only option open is to issue stock for cash.Which means you stock will diluted downward if they need cash.
    Examples LEH,C,BSC ect...
    Prepare wisely.

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    • The company has sufficient cash for operations and they can draw on their lines if need be.

      Their lines are not as large but still adequate

      It takes day to day monitoring but they can do it

      At these prices there will not be any stock issued

 
PHM
18.30+0.100(+0.55%)May 4 4:00 PMEDT