Hovanian and his weekend "FIRE SALE"

Last post 09-18-2007 12:42 AM by karand. 6 replies.

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09-16-2007 11:50 AM

JayDub1984
Joined on 08-10-2007
Posts 166

Hovanian and his weekend "FIRE SALE"

Hey all what do you all think about Hovanian Builders having that firesale this weekend on all his properties? Do you think this is a sign of a comapny in trouble and in need of some quick capital influx? I heard on his properties he's knocking some where between 10-20% off the sale price right from the start. it was on Bloombergs last night.

Comments/Ideas/Suggestions?

09-16-2007 11:13 PM In reply to

carran
Joined on 07-18-2007
Posts 23

Hovanian and his weekend "FIRE SALE"

Think his inventory may be a little high?????

09-17-2007 2:15 AM In reply to

zeeroeffort
Joined on 08-23-2007
Posts 0

Hovanian and his weekend "FIRE SALE"

Inventory has to be extremely high. Where I live, they had many projects going on and now there aren't any buyers. Some of the projects are less than half way completed. Look for some bankruptcy protection soon.

09-17-2007 10:41 AM In reply to

blinkzach
Joined on 08-25-2007
Posts 178

Hovanian and his weekend "FIRE SALE"

lots of preoperty like this all over the us

09-17-2007 5:08 PM In reply to

jmwells
Joined on 08-01-2007
Posts 226

Hovanian and his weekend "FIRE SALE"

Sounds like there trying get as much cash in reserve to protect them for long slow period. Great for the buyer,bad time for profits.Better to have cash than invetory sitting idle , at least they will make some intrest. These homebuilders must of seen the top coming ,booms don't last for ever.

09-17-2007 6:06 PM In reply to

Montana
Joined on 08-13-2007
Posts 1,054

Hovanian and his weekend "FIRE SALE"

Anyone get any news on how they did on this weekend sale, I'd love to hear about it.

HOV could be a very good short (again) here soon.

09-18-2007 12:42 AM In reply to

karand
Joined on 07-10-2007
Posts 5,553

Hovanian and his weekend "FIRE SALE"

Hovnanian had a 72 hour sale at 25% off. It was for specific property across the country.

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