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The Company is a publicly held holding company whose subsidiaries engage in the homebuilding and financial services businesses.
a whole lot of growth priced in here.. not alot of upside from here without a few earnings surprises... typical .......getting greedy before fundamentals catch up... I could be wrong , but I just dont think that the existing inventory of homes is done being a complete pain in the butt of new home builders...congrats on your first profitable quarter in quite a while....lets hope that I am wrong here and things go back to normal.... its definitely about time, but I live in Florida and probably 30% of the homes in my town are vacant and sitting idle while the banks release them a few at a time to increase the prices in them.. they have enough inventory to do this for quite a while...especially since even people with good credit are having issues with financing. I have a net worth greater than the amount of money i was trying to finance on a home and 0 debt and it took me 2 banks, 2 different properties ( both selling below appraisal )and 6 months to finally get it done...and I have a 780+ credit score.. I can't imagine what "normal " buyers are dealing with.. My real estate agent has a ton of buyers, but is having a devil of a time getting anyone done that neeeds financing... It is definitely a complex issue with many facets...
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