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Hovnanian Enterprises Inc. Message Board

  • timeisnowbelong timeisnowbelong Sep 7, 2012 1:18 PM Flag

    ---BREAKOUT ..ALERT... HOV...

    hov upgraded...expect double digits coming.. hov.. stock to own

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    • stock to own is hov..

      • 1 Reply to jameswalfosd
      • I expect HOV to make real money from operation this quarter. The 50+% increase on backlog reported over three months ago will turn into huge revenue increase this quarter. Texas is HOV’s largest market and I have personally witnessed higher (10% +/-) housing prices across the board here over the summer. With the Fed doing whatever it takes to keep the long term rate low, mortgage rates will stay low for the foreseeable future. Now that HOV’s business has stabilized, banks will be willing to loan to HOV and I fully expect HOV to refinance its ridiculously high interest rate loans during the current quarter. The saved interest alone will mean hefty profit for HOV.

        Every way I look at it, HOV is a stock ready to fly. I didn’t understand why it has 40% short interest but I guess it reflected HOV’s challenges a year or two ago. Shorts need to wake before they get burned badly as this can easily turn into a momentum stock.

        Sentiment: Strong Buy

1.62+0.01(+0.62%)Oct 21 4:02 PMEDT