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Post# of 113879
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cliffvb

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cliffvb

Re: researcher59 post# 65439

Tuesday, 10/22/2019 8:48:17 AM

Tuesday, October 22, 2019 8:48:17 AM

Post# of 113879
PHM this homebuilder reported a beat in eps and revs and is up about 2% premarket.

EPS was $1.01 vs 92c estimate. Orders were up 13% yoy. Orders for first time buyers were up an amazing 39%. It looks like the millennials are aggressively buying homes with rates down.

Positive comments in the PR:
"Given a broadly favorable macroeconomic backdrop and expectations for interest rates to remain low, we see the opportunity for housing demand to continue moving higher over time," added Marshall. "Within this environment, our strong balance sheet and outstanding local market operations have the Company well positioned to grow our business while continuing to deliver high returns on equity and invested capital."
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