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cliffvb

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cliffvb

Re: None

Thursday, 07/26/2018 11:14:42 AM

Thursday, July 26, 2018 11:14:42 AM

Post# of 116348
Homebuilders DHI reported a beat and is up 8% today. PHM also reported a beat but is down 2.8% right now. Go figure.

MHO CC transcript is on SA now. Mgmt sounds positive going forward. They were asked about the big drop in builder stocks yesterday and called it a crazy over-reaction to a miss in new home sales numbers yesterday. They expect the number will be revised. Backlog continues to grow nicely. Their guidance maintains expected margins for the year at 20-21%, despite being at the bottom of that range in the just reported quarter due to cost pressures. Stock is making a recovery from ealier losses again this morning and is nearly back to even now. Very surprised it is selling for below book value which is now at $28.56
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