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$4.98 -0.29 (-5.50%)
7/3/2008 1:04 PM

Hovnanian Enterprises, Inc. (HOV)

CAPS Rating:
*

Designs, constructs and markets high quality single-family detached homes and attached condominium apartments and townhouses in planned residential developments in the Northeast.

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Recs

5

Avatar IDJim90 (40.64) Submitted: 3/03/08 12:17 PM : Outperform Start Price: $8.48 HOV Score: -35.90

Companies have to take write-downs based on 'Mark-to-Market' valuation. In the present atmosphere, this will cause companies (like HOV) to under-value their holdings and consequently the market will under-price their stock. Housing will come back and HOV is positioned to gain due to their market segment (mid-level house prices).

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Avatar jimmygman (82.98) Submitted: 3/28/08 6:57 PM

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Hov will tank.Standing inventory and a slumping market will continue to drive the price down.At interest rates at a super low
buyers in this price market are already in a home and most will refi or just ride the storm .Sub primers are out of the game and first timers are probably to reluctant or timid to purchase even if they do find a lender.

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