I've been pitching this to these bagholders this when the stock crossed above $4 but they are drinking the analyst cool-aid, the biggest pump and dump scammers out here. They all missed the bottom of the housing market and now want to try and catch it. I bought this stock under $1 and solo for $7 a few years back. Wait until dilution comes to finance their horrific balance sheet (massive debt).
I am sorry you have missed out on this huge housing run. Hope you have not been short. This will be another huge year for HOV as the housing market continues to impove. Have you seen the other hb's earings reprot? Oh HOV will be on the move to the upside.
sounds more like you missed the huge move. I was in here in 2009 when it was a true bottom on valuation and now this pig is way overvalued. You do realize that it would take HOV until 2020 with massive home building to equate to its current valuation? I'm sure you can't grasp that. You have to actually be able to crunch numbers. HOV has a horrible balance sheet and has been putting off paying its divident on its preferred shares. That's called default. Unfortunately housing is a cycle and the peak will hit in 2018-2020 just when HOV might start making money and carrying a managable debt level. Go buy best of breed - TOL, PHM, ect. As I have been telling all you bagholders that HOV will deninately dilute your sorry butts for the past year well here is the proof. Hopefully you can grasp this investigation on HOV's March shareholer meeting...
Lifshitz Law Firm announces an investigation into possible breaches of fiduciary duty in connection with the proposed vote scheduled for March 12, 2013 to approve an amendment to the Hovnanian Enterprises, Inc. ("Hovnanian" or the "Company") (HOV) Amended Certificate of Incorporation (the "Certificate of Incorporation") to increase the number of authorized shares of Class A Common Stock and Class B Common Stock. The increase in the number of authorized shares could have a substantial dilutive effect on Hovnanian common stock.