I look at the areas where housing is down and most of the areas are ones where SPF does not have a presence. Still looking for good news with the upcoming earnings report. GLTA
Looks like we might be in for a little SPF rally in the news from around the world will stay a little positive for a few days. Plus we have an earning announcement coming at the end of the month...should be more good news.
Reloaded again at 8.16 this morning. Still love the fundamentals of SPF. Higher margin homes in states where housing is still hot. Looking for good news when earnings are released at the end of the month. Gotta love this stock.
Agree, and we should see additional strength in mid to high end homes as people trade up based on an increase in the price of low to mid price homes. Long on SPF...isn't this a great country.
8.20 may be the new breakpoint...we'll have to wait and see. Then we can play the same game filling below 8.20 and selling above. Still a great stock to make money on. I've kept a couple of positions that I filled below 8.00 for the long haul, but I plan on buying again once I see where the real floor is.
Back in today at 7.99. Still encouraged by the upcoming earnings release. Hopefully, we get another pop back above 8.30 for a quick opportunity to sell again. Gotta love this stock!
The move to mid to upper priced homes has paid huge dividends in terms of increased margins for SPF. It also allows them to get a bigger return for each parcel of land. Plus we probably haven't seen the positive results of their business on the east coast yet. I would expect positive news for the rest of the year. SPF is less open to the swings in the first time home buyers market and the lower margins that comes with that territory.
Someone must like the news that's coming...prior daily volume had been fairly light and we still have about 34 million shares short. Any steady movement upward and we may see some shorts trying to cover their #$%$.
Out at 8.60 on one position today. Next exit point is 9.00. Would like to reload at $8.20, but don't know how realistic that is anymore. Isn't this a great country!!!
Looking to reload this week in the 8.20's. I'm hoping that may be the new swing point, where 7.80 to 7.90 was in the past. Housing still remains strong and the market for mid to higher priced homes continues to see increases and higher margins than the entry level homes. Gotta love this stock.
And the balance sheet continues to be extremely strong, which would indicate they are not a "flash in the pan" type of company.
Out at 8.30 on position I bought at 7.99...isn't this a great country!!! Still holding several positions in the low 8.00's that I will probably hang on to until earnings. unless this baby really starts to move up again.