This is the perfect example of a stock that totally disregards fundamentals. The true value of this equity is probably in the $15 range. It moves on low volume with the housing market. But if you look at the fundamentals, the company has lost money for the past 5 years, has poor cash flow and EPP cannot even be calculated because they do not make money. What a joke, should not even be in the XHB index.
This stock has been going up the past 12 months on nothing but anticipation. of a housing market recovery. Oh boy they almost made some money this quarter, better buy! This stock will end up disappointing a lot of investors when they are finally held accountable.