Hovnanian Enterprises Class A (HOV)

[legalizeMJ]

12/5 HOV Q4 report: GOOD RESULTS.

http://finance.yahoo.com/news/hovnanian-enterprises-reports-fiscal-2015-141500900.html

For the twelve months ended October 31, 2015, total revenues increased 4.1% to $2.15 billion compared with $2.06 billion in the prior fiscal year.

Net income was $25.5 million, or $0.16 per fully diluted common share, for the fourth quarter of fiscal 2015.

Exceeded Fourth Quarter Gross Margin and Profit Guidance

49% Increase in Contract Backlog Dollars

The above Q4 results are GOOD, VERY GOOD results.
($0.16 Q4)*(4 Quarter per year)=$0.64
($0.64)*(30)=$19.20 per share.
Conclusion: Naturally, HOV stock will be= $19.20 per share.
Therefore, HOV= STRONG BUY.
Go HOV Go ********