but people trying to read stuff into the "trend" based on the government numbers?! That's just stupid. For one thing, the government numbers are a lagging indicator - and for another they include markets that DHI and other builders would not be caught dead in. In the markets they build in activity is becoming overwhelming. The same can be said for the other major builders - but DHI in particular.
DHI is killing it and is gaining momentum. As sales, revenues, profits, and dividends continue to grow the market will eventually figure it out. Planning to build a pile of shares before that happens.
Every stock has its bashers and idiots who are day trading a short position or dealing in options who will post negative stuff about it trying to protect their position. Just look at the numbers on DHI. This is headed MUCH higher. The question is when.
The numbers that are reported ALWAYS lag what is actually happening in the business. January and February were pretty slow on the home purchase front. It picked up in March. Now, business is insane. Not only are we overwhelmed but every competitor I talk to is in the same situation. If you don't believe me then call a mortgage company or realtor and ask what they are seeing in the market.
Just my opinion but it seems that the overwhelming majority of gas purchases are paid for with credit or debit cards. ALMOST EVERYONE buys gas and almost all of that is with credit or debit cards. To say that lower gas prices should be good for V or MA is just wrong. It takes money that DEFINITELY WOULD HAVE been spent with V or MA and puts it into a situation where it MAY OR MAY NOT get spent with V or MA. There will certainly be significant amounts of money which would have been spent on gas with V or MA that will not get spent with them.
May regret it but it's been a great ride so no regrets. I think WYN is under-priced relative to its peers and is the cheapest of the group but I think the whole group is getting over-priced at this point. Even WYN is carrying a PE of 22 and most of the others are in the 30s. Business is good but not sure it's that good. If I were going to own any stock in the group it would be WYN though.
Good luck to the longs. Always hate when people short solid companies and WYN is a solid company - so if anybody makes money here I hope it is on the long side.