it looks like it but who knows for sure. they sometimes hold it down so they can cover or they hold it down so they can buy more at lower prices. of its just a large seller
I'm not too sure of that. hov's recent failure to break above 1.60 may be an indication of further failures. the chart shows a descending line which looks bearish. I think it breaks down and tests the lows. if it holds a 1.39 it may turnaround.
Hov has or used to have a architectural department, design studios, quality assurance and a few others. many of these positions are not necessary of can be cut since the goal is to be profitable instead of large. what exactly are the architects designing? I've seen some of the plans, they were not done in house. I fear these are status symbols for ara. just like the manhattan example. My motivation in part is the fact that I know this company pretty well. and like to share that knowledge. Ara is the main problem, without him the company would likely do much better. he needs to get out of the way. he is the type of guy that would hire an expensive expert or advisor because he was told he or she was the best then not listen to a word they said and do what he thought was best. arrogant. The employees are in many cases really knowledgeable, dedicated and work very hard etc. etc.
Much of what you are stating makes perfect sense. and there are no buts from my view. In fact much of what you wrote is what i've been saying. What hov will do is pretty much what they have done in the past. lighten up on the people that actually produce the product and keep the high end bosses that produce nothing or very little at best. They are not being decisive in their choices of building and product either. at least that's my knowledge of a large project that are starting. The truth is they seem to be in chaos.
I don't think the chart can show us any more than it has. although it appears to be bottoming it has looked like that in the past only to ride further down due to some event of lack of improvement by the company. If improvement occurs with the companies numbers then this will have been the bottom or very close to it.
breakouts above 1.60 and then 1.78 where they hold and bounce off will confirm a turnaround. failures to break and hold above 1.60 are failures and just confirm the weakness of any turnaround attempt.
any bad news going forward may send it to break 1.39 the recent low.
look its nice to blame the shorts and all of that but its not their fault you backed a company with such a poor track record which disappointments on a regular basis. its really a stupid belief that somehow the shorts are the reason the stock is not going up.
I guess everyone is quiet hoping that HOV will ride the wave of buying going on right now. at this rate the dow will have to go up another 500 pts for hov to make it to $2 when the dow is at 19k hov will be at $3 unless they disappoint again. I would bet they most likely will disappoint again. Poor management does that.
Are you drinking the kool aid? I can't tell, you seem to be no different than the other hov perma bulls. Im not sure if a really good manager/turn around guy can right this ship. they needed the market to make this a downhill battle but its not helping enough.
You think they didn't file bankruptcy because they were concerned for the shareholders? really?
they would have been pummeled in the press.
They seem to miss plenty of good opportunities. or at least their timing is the worst. They made most of their purchases at or near the top of the market, they got into the florida market by buying regional builders obviously they over paid. That is who you still have running the company . terrible management that still has not changed their tune. I remember when they got into the Minnesota market the idea was to diversify geographically I'm not sure that worked out as intended. I have stated this in the past, Ara is more interested in being large than being profitable. good luck longs he is not a good manager so you will need a miracle. I'm telling you their expectation is that the market will still do all of the work getting them out of the hole. They may be learning now that is not happening. lets see if they finally change their approach.
this is desperation. no one wants the debt, there is no equity
I'm surprised you guys still believe a word this guy says meaning Ara. He full of @#%&. If you look at the stock price using a 10 year or greater view can you honestly believe Ara gives a rat about the shareholder. Please Ara will be looking out for Ara. that is all.
Rossi, I too like the way you are looking at both sides. there are many problems that hov faces. pulling out of certain markets although may help in the long run will seriously hurt in the short run. it does not send a great message to anyone. would you buy a home from a builder pulling out of the area with their tail between their legs? They will be lucky to get out of there breaking even. another example If Ara intended on growing using even more leverage which now is limited at best why was the top line down? its not working. this I think is a very recent revelation which was brought out by daninfw. I think he's correct about that. They were not prepared. They are in even worse shape than originally thought. My advise is to sell if the stock drops below 1.30 its only a a little more than 10% loss.
I don't see anything wrong with throwing money at some high risk stocks like HOV looking for the large returns. Generally speaking. if you want higher returns you need to take the risk. that's the way it works but he is pounding the table on hov and is so sure everyone is wrong etc. etc.
I believe that if you are that arrogant to believe you cannot be wrong you deserve to be wrong and loose money. When I was a trader one of the rules that is very hard to learn: is don't tell me what you think should be happening. What is happening? if is not going your way re-assess or get out. I still learn that rule all of the time. Talking to the longs: did you go long hov for the expected 2016 turn around? is it still in place? is this what hov described back in 2015 when they did such a fine job on the conference call. I told you they would change the story and they did. I did not expect the change they described but there you are. I not that surprised by this event because Ara is such a poor manager. He's clueless. I might consider investing in the turnaround if he actually hired a real manager to turn the company around. I also might respect the decision to make the company profitable instead of growing their way out of it since I actually stated in one of my messages that is what they should do, except that its so late in the game they should have done this 2 or 3 years ago.
What were they holding onto property for in the markets that were going no where?
If the "land bankers" are putting pressure on hov management to move and buy back the land they are the land lords. they hold the paper how can you not see that. They must be paid. and as far as san fran, yes so they are building it so should they not make money if prices are increasing. what do I care if more land cost more? I thought they owned all of this land and were going to now benefit from their holdings? If I were you I'd be po'd
Another confusing statement is stating that pricing has risen and the market is "frothy" If they already own the land and are building out the community rising prices would be healthy and helpful. these statements are made up. You are correct about the disingenuousness of these new excuses. Hovs new landlords were not happy with their plans and want to rein them in. at least that's my guess. I think you hit that one correctly.
They are terribly managed and now look clueless. If I were long I would be very worried. They are in trouble. I think now its going to be the land holders that will be calling the shots. Ara thinking he was in control and so smart now finds himself in a position he is not used to, which is under someone else's thumb.