Standard Pac Corp New (NYSE:SPF)

CAPS Rating: 2 out of 5

The Company is a geographically diversified builder of single-family attached and detached homes and constructs homes within a range of price and size targeting a range of homebuyers.

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Player Avatar Mega (99.96) Submitted: 7/20/2012 12:29:17 PM : Underperform Start Price: $4.50 SPF Score: -29.41

SPF was on the brink of bankruptcy back in 2008, forcing them to dilute shareholders by raising equity. Now it's a $1.2B company?!?

They have continued to post losses for most of the last 4 years, but the market is rewarding them handsomely for recently climbing back to breakeven.

Along with Hovnanian and possibly Beazer, I expect Standard Pacific to be hit hard in the next selloff. They are lower quality homebuilders and overpriced compared to book value.

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Member Avatar Mega (99.96) Submitted: 8/3/2012 12:31:19 PM
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XHB (Homebuilders Index) is down 2% over the past month, SPF is down 8%, HOV is down 18% and BZH is down 32%. I expect this trend to continue.

Member Avatar DrGoldin (99.72) Submitted: 2/27/2013 4:30:23 AM
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But...ummm...they're making money now, aren't they?

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