You are wrong. I've been posting about HOVs poor balance sheet for weeks and have been accused as a short seller when Im willing to buy when it becomes not so over priced. HOV has the highest debt to equity ration of all the homebuilders and is still paying of debt from the 2000 era when times were a rocking. Now is the time they should be buying up tons of cheap land but they can't because they have way too much debt and refinancing. This is like robbing Peter to pay Paul. The only way they can buy land is through a partnership and that's called getting squeezed. Having some debt is preferable but not when it makes they cash poor.
"Re: Re: Re: HOV hasn't made a payment on the Preferred stock in 5 years!!!
By csco_brat . Oct 18, 2012 12:12 PM . Permalink Go to topic"
"Trust me i'm shorting a lot of shares. This has the most bankrupt balance sheet on the NYSE. In an industry where you are priced off of shareholder equity and you need financial flexibility to make land deals."
I'm getting your point...and I'm curious how much did you lose? Be truthful a lie will catch up with you.