The good news from the latest quarter is the continued increase in margins and pricepoints. Also, the addition of land holdings in Florida should also provide added sales over the next couple of years. Still need a little more good news on the economic front to drive additional activity in housing.
I wonder how much the market overvalued the announcement of the the new vest, and how much it will really contribute to sales? This company has had difficulty understanding how to expand sales in the past.
Interesting note on the Toll acquisition, hiliting the continued strength of housing in the California market where SPF is very strong. It would also be interesting to know how all the land the SPF picked up during the housing bust is now valued on their balance sheet? Gotta love this stock!
Fundamentals continue to look strong...rising home prices with strength in the mid to upper priced homes, hot markets like California, Texas and Arizona and rising margins for home builders. These are all positives that should continue to move SPF's price higher. Good luck to all.
Looking ahead at temps in the Midwest, forecast is for more below zero nites. Those are the ones that are battery killers. In addition, both the local auto parts store and Sears here in Minnesota are saying that this has been one of the strongest sales periods for batteries in several years. Good news for Exide.
Short Shares increased to 36.68m as of end of December...appx 30% of the float and an increase of just under 2m from the prior month. All we need now is a little govt incentive to push the housing market even higher. Maybe another tax rebate like we had during the foreclosure glut. It would be fun seeing shorts trying to cover at $10.00.
If you take a look at housing numbers in several of the key markets in California, prices continue to go up and inventory continues to shrink. Good trend for SPF!
Even in a down market, housing continues to be strong and looks good for the near future. Back in again today at 8.65. Need a little rally by the end of the week, back to 9.00.
Working the highs and lows with a .20 to .30 margin per share with 5-6 trades per year yields about 15% margin...and it's almost predictable. More trades, more margin.
Still holding onto additional long postions, one to move at $9.00 and the other at $9.50. All those shorts are going to have to start covering soon.
At some point soon, the shorts are going to have to start covering...and that will will give us another big bump! Again, the fundamentals for SPF continue to look good.