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Hovnanian Enterprises Inc. Message Board

  • praspa66 praspa66 Jan 18, 2012 7:12 AM Flag

    My Comments on/in MOTLEY FOOL article

    Good Article--but some key points left out--
    1) Where did HOV buy the Land-- What states?
    2) Revenues were down and company is deep in debt-- So is our Great Country--This is the American Way!!! However why not comment that if Politicians back Housing these stocks will APPRECIATE in value.. Not too mention how many jobs get created..
    3) They spent $95,000,000 for Raw Land lots --- what are the worth currently? And if developed what is the return? Mu Guess is 7 -1!!!
    We as investors buy stocks for what the future might hold not the past.. This company used to trade at $60+ per share...Not mentioned!!.. Of course .... If Unemployment goes to 7% and this company "CONTINUES" to improve it's Balance sheet this stock has 20+ written all over it in the next 24 months!!Speculative Yes-- But in my opinion worth the risk!!!

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1.55Oct 27 4:02 PMEDT