See article in Barron's ..........
Put Aside PulteGroup
Shares of the home builder lack upside at current levels.
September 2, 2014
PulteGroup (PHM: NYSE) By FBR Capital Markets ($19.22, Sept. 2, 2014)
We are downgrading PulteGroup to Market Perform from Outperform given relative valuation and performance over the last 12 months versus our home-building coverage universe.
Over the past 12 months, PulteGroup (ticker: PHM) has been one of the strongest performers in our home-building coverage universe, and we believe its diverse geographic mix and product...
I think it will retest $16.75.
Two months in a row they have failed to average the required $50 million average market cap. I wonder if the pension smoothing will allow them to hang around awhile longer??
No follow up by the trust to sell since......must be wait for the stock to reach $6 again. Which means SR will not meet the $50M market cap for the second month in a row.
Here we go again over building in Obama's part time economy.
Grasshopper what's going on since you are so close to the real estate business.
ObamaCare sticker shock coming this fall.......... people going to be screaming about new insurance premium increases and less coverage as private employers pass on the cost to their employees......
LAST WILL & TESTAMENT OF JOHN Q. SHERMAN FBO JAMES: Declared Holdings
13-Aug-14 2,301 SR Automatic Sale at $6.10 per share.
(Proceeds of $14,036)
It's called government pension smoothing or kick the can down the road as usual. This year a report indicated that the private sector pensions as a whole were funded at only 65%. This new ruling will implode just like everything else congress is delaying. Who would have thought the Fed's interest rates would be at "zero" for 6 years since 2008.
Look out below the perfect storm is on the horizon.........
US Existing Home Sales is at a current level of 5.15M, up from 5.03M last month and down from 5.38M one year ago. This is a change of 2.39% from last month and -4.28% from one year ago.
Loan applications to purchase a home declined 0.4% in the Aug. 15 week, the Mortgage Bankers Association said. It was the third straight weekly decline and the lowest level since late February.
But refinancing applications rose 2.7% in the latest week. Geopolitical uncertainty weighed on interest rates, taking the average mortgage rate down 6 basis points to 4.29%, just above June lows.
The refinance share of all mortgage applications rose one point to 55%. The adjustable-rate share of activity was little changed, at 7.8% of applications, vs. 8.0% in the prior week.
The MBA's refinance index is down 36.7% for the year, paring the worst of the year-on-year losses seen in the winter. The purchase application index is down 10.2%.
PHM was way over priced especially with little growth going forward. At this point 2015 earnings are already priced into the stock price. When you look at past history this stock is over priced.........
What say you grasshopper or socialboom....
To be compliant they have to average $50 million a trading day over a 30-day period. They failed again for the month of July. This stock will drop in the $2's once the delisting is announced. I do not see SR making a profit since the debt from the merger is variable and rising interest rates will eat away any potential profit.