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PulteGroup, Inc. Message Board

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  • johnmg47 johnmg47 Feb 3, 2012 1:47 PM Flag

    Shorts covering today ...

    Stock is trading for just under book value; only builds new homes in the most desirable U.S. markets. Their homes in Northern CA are now SOLD OUT. They will be beginning a new community of 1,400 homes in Rohnert Park, CA - just north of San Francisco this year.

    The kicker: because they are a Canadian company, they only report earnings twice a year. The next earnings announcement is in mid- February. None of the activity of the last 6 months is in the stock. It is completely under the radar. Just like MDC's trading yesterday and today, this one is gonna pop.

    See this article on BRP from Barron's last summer:

    online dot barrons dot com/article/SB50001424052970204224904576317190366706076.html

 
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