why do you say? What will the catalyst for the decline be? I do not disagree that I have rarely seen an industry with fewer prospects rally. I have said it repeatedly when the money managers that run these homebuilders up finally go broke the bottom will be in.
people are losing their jobs, banks are not lending, housing values are plummeting and HB's stocks are going up. They have 0 visibility and yet people are buying there stocks.
this stock is a short candidate , specially after the news of the dividend suppresion . these news released raised important flags on the survival of this company . looking only 2 years out , there is not any hint of good news for their market , zero, nada , complete pessimism on this company. the only way to make is to short all the way to bankrupcy .