Two months in to the qrt during the last CC. Very positive. December new homes sales were very good. I do think a big surprise is in order.
Pulte is on the verge of going red after a blow out qrt.
Housing market looks very good in the next 4 years. Issue will be if HOV can get the margins up. If so we could be sitting at $20 in 4 years..
Market is looking at shrinking margins and rising prices and are trying to figure out how can the builders keep the profitability Labor inflation is killing the builders. Open the borders to some skilled labor that want to work. Inflation is real. Look at the shrinking builder margins if you don't think it is so,
I HATE averaging down. I rather buy on the way up. But pulled the trigger again today at $1.41. Looking for some news next week on the debt payoff and a huge bounce.
I don't disagree that longer term it should do well, but fighting the tape rarely works. It would be nice if HOV does a press release of the pay off of te debt.
Any guess on the day and amount of the bottom. Sector issue with HOV getting hammered due to the higher debt load. Good news at the end of the week will make for a great week next week. ? is where is the bottom?
Buy at these depressed prices. once the 173 million that comes due January 15, 2016 is paid. Up up and away. Already said 2 out of the last three months of last qrt were good in sales and still trying to catch up on the back log.
Up up and away.