Hovnanian Enterprises is engaged in designing, constructing, marketing and selling single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill and active...
Byline: Aaron Elstein An old wall street axiom warns investors against trying to catch a falling knife. If a stock is in free fall, stand back. Do not grab it. That wisdom applies in spades to shares of home builder Hovnanian Enterprises...
Byline: Aaron Elstein The ground is giving way beneath Hovnanian Enterprises Inc. The home-building giant's sales are shriveling, while cancellation rates and unsold inventory soar. No wonder shares of the Red Bank, N.J.-based company have shed Byline: Aaron Elstein ...
Two weeks ago, homebuilder Hovnanian rallied after a leading analyst called its shares a "buy.'' Last week, investors had second thoughts, driving the stock down 5% in the first hour of trading on Thursday on news of sharply lower orders and plu Two weeks ago, homebuilder...
Byline: Aaron Elstein Over the last five years, Hovnanian Enterprises Inc. has been a veritable home-run derby for its shareholders. Last month, shares of the big house-builder hit a record $73.20, more than 20 times the $3 they fetched in 2000. ...
NEW YORK -- Fitch Ratings has assigned a 'BB+' rating to Hovnanian Enterprises, Inc.'s $250 million senior unsecured notes due 2017. Fitch affirms Hovnanian's Issuer Default Rating IDR of 'BB+', senior unsecured debt and unsecured bank credit facility ratings. Fitch affirms the 'BB-' senior subordinated notes rating. The series A...
This is not shaping up to be Hovnanian's year. Already off over 30% from its late-July highs, the homebuilder got hammered last week, dropping 3% on data showing a big fall in sales of existing houses and some softness in the prices of new homes. Ana ...
BIG N.J. HOMEBUILDER BUYS OSTER HOMES * Oster Homes of Lorain has been sold to Hovnanian Enterprises Inc. of Red Bank, N.J., for an undisclosed amount of cash. Hovnanian said Oster Homes had 2004 revenue of $56 million on 247 home sales. Oster's c...
HOVNANIAN ENTERPRISES INC. HAS SIGNED a definitive agreement to acquire Great Western Homes, headquartered in Mesa, Ariz., for an undisclosed purchase price paid in cash. The acquisition, which is expected to close by early autumn, ushers the Red Ban HOVNANIAN ENTERPRISES INC. HAS SIGNED a definitive...
CHICAGO -- Dr. Edward Olmstead, editor of the Options Professor newsletter, saw the homebuilding stocks beginning to breakout last week. Learn about his favorite company in the space and a bonus option trade for Hovnanian Enterprises Inc. (NYSE:HOV). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84
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Creating strong, skilled leaders internally is an overriding passion at Giant K. Hovnanian Companies--because it has to be. To hear Mark Hodges, K. Hovnanian Companies' senior vice president of corporate operations, talk about the home buildin Creating strong, skilled...
John C. Lee submits: On Wednesday, September 3 after-hours, Hovnanian Enterprises HOV reported a Q3 ’08 loss of $2.67 per share or $202.5 million on $716.5 million in revenue vs. a loss of $1.27 per share or $80.5 million on $1.1 billion in revenue a year ago. Excluding pre-tax land...
By Steven C. Johnson NEW YORK (Reuters) - Stocks tumbled on Monday as investors worried a $700 billion bailout for the financial sector may not resuscitate a slumping economy, while a record spike in oil prices renewed concern about consumer spending. Banks, home...
Question-and-Answer SessionOperator And, thank you for the presentation. The company will now answer questions so that everyone has an opportunity to ask questions. Operator Instructions. And your first question comes from the line of Margaret Whelan with UBS. Please proceed. Dave Goldberg - UBS It’s actually...
Question-and-Answer SessionOperator Operator Instructions Your first question is from the line of Stephen Kim of Citigroup. Stephen S. Kim - Citigroup Smith Barney Thanks, guys. Two questions for you; first of all, could you talk about your inventory? I know that you guys provide --...
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Michael Rehaut - JP Morgan. Michael Rehaut - JP Morgan Thanks, good morning. A question on the cash flow guidance. I appreciate all of the comprehensive comments. No doubt, probably all of the questions have been...
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