Standard Pacific Corp. (NYSE:SPF)

Metrostudys Mike Castleman's company tracks the inventory of 19 states across the country. he see's supply getting tight. Home prices are fixin' to rise, he says. Who are we to argue with him? Certainly not me.

**Source
Fortune April 11 2011

Inflation, land holdings. Also consolidation in sector and insider position.

souther california will lead in homebuilding and now has a fairly low inventory of empty homes relative to other boom areas. potential 10x

Long term buy. Company is operating at a profit in the toughest environment ever for housing.

Incomes are rising, jobs are coming back so eventually the home-building industry gets back on track.

amoldov haiku

haiku are many,
haikai is my only one -
standard and peaceful

An FB pick I'm riding on

Stealing from our resident builder expert floridabuilder2.

floridabuilder

Once The Banks start dumping the Foreclosures they have sitting on, then Inventories will go down and builders will have to start building.

Super-mega housing recovery 2012 prediction!

Sept. 2010
some selected home builders

will mr. floridabuiler2 aka chimpcontest be right on his call?
time will tell

tickers for today: MDC,MHO,SPF,LEN,BHS

Standard Pacific Corp. (SPF)
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.

SPF is down 46% from its 52W high, but still up approx. 350% from its March 2009 low.
If this stock is not on sale, then I don't know what is.
Love the way SPF's chart looks like.
My kind of value play.

Homebuilding will begin a rebound, when it starts-sell the stock at around 5.50

Even off 4.9% today this thing is more overvalued than.... uh, why are my pithy analogies deserting me just now? Probably because of my shock at looking at such a crap company with an unsustainable chart in the best of times and some serious negative catalysts getting ready to whack it in its fat disgusting face. In my opinion this largely-unnoticed early '10 mini housing construction bubble is just ripe for being HAMMERED. And I'm just the guy to do it! Stacking paper like the Notorious B.I.G. in his prime busting off puts and shorts as this godawful thing returns to the $3 slum from whence it crawled.
Oh, yeah, and Cramer likes it. Still the more reason to go RAT-TA-TAT-TAT upside the head of this off-brand junk.

Over sold, beaten stock thanks to the disasterous year we had last year. Things will eventually come back and this stock will trade at 30 dollar level (like it did before it collapsed), and would like to have the bragging rights to say that I got in when it was 6!

Standard Pacific is accumulating land at distressed prices. This will help their margin.

This stock is showing strenghth on increased volume. Candles show institutional size buying. The housing market, imho, will probably start to pick up during this year, and SPF is in good shape to take advantage of the upturn.

back in 2012