Zachs comes out with a "strong sell" on PHM but has a buy on Ryland, Meritage and Lennar
All four of them dropped like a rock so it wasn't just the Zachs downgrade that torpedoed this one. Sentiment right now on all homebuilders isn't very good but give it time and it will change. Numbers don't lie - they'll all be back in time.
#'s dont always up-heeve info either. the #'s on paper may look ok but the market says otherwise. this overpriced stock heads back into the 15's, and another down trend over next 12 months. see-saw for a company who builds #$%$ and markets their stink like its gold.