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PulteGroup, Inc. Message Board

  • freetalk20002000 freetalk20002000 Feb 25, 2011 2:02 PM Flag

    MorningStar - raised PHM to 4 star price - $12

    MorningStar - raised PHM to 4 star price - $12, checkout the details in Morningstar.com
    Also there is huge insider buying going on, PHM may get buyout for $11 ??

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    • It seems to me that if a stock is range bound - like Pulte, you would sell 10 puts on your 3K of stock at the lows (say, the July 6s or 7s), and sell 10 calls in the upper range in the 8s

    • I added another lot at 6.95 today.

      That makes 5 lots between 6.95 and 8.15.

      We get a bouncs I'm likely to write calls against alteast some.

      We keep heading down I'm likely to keep adding about every 40 cents.

    • I looked into the SEC filings posted on Morningstar. On February 7th he added 38,577 shares to his 401K in Pulte shares to raise his total share count to 732,402. On February 23rd he added another 45,000 in his open market purchase to bring the total up to 922,402. That's a 25+% increase in his shares inside of two weeks, and all this AFTER the recent CC.

      I can't understand why there's all this interest in PHM at these levels and with this much size. Didn't someone also note that Blackrock bought 5% of the company at the end of 2010?

      • 2 Replies to johnmg47
      • Dugas has been the only real buyer/acquirer in 2 years - doubling his share count to the 922,000 he has now. 280,000 shares were just given to him by the company. His two open market buys for 90,000 shares were at an average price of around $8.05.

        Virtually all the sales for two years have been between 9.80 and the 12s. Whenever the stock got into the $11s the sellers came out of the wordwork and unloaded, the mid-$11s being where they though the company was fairly priced. Dugas hasn't sold a single share that I can see. I guess this goes with his self-confidence thing and why he dominates every aspect of Pulte (as revealed on the recent Conference call), making lot of wrong decisions for two years yet doing them with confidence. I think we need to see some OTHER insiders buying at these prices, like the ex-CEO of Bankamerica (BAC) Ken Lewis who was buying a million shares on the open market at 3 bucks and change in early 2009. Dugas seems to be the only guy that believes in his ability. I hope he's right.

      • The CEO did not spend OVER $350,000!! of his own money on the open Market at $7 per share just on a whim!! Follow the money baby!! Adding more under $7 before the close.

    • Morningstar is a premium link (you have to pay for it). Can you post the salient points in the report in a message?

 
PHM
16.23-0.30(-1.81%)Feb 5 4:00 PMEST