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2009-06-03 — blogspot.com
"Hovnanian Enterprises, Inc. (NYSE: HOV) reported results and as a home builder had no choice but to make the case that they are trying very hard in a difficult environment. They point with some optimism to the contract cancellation rate which is now tracking at 24% is a real improvement over previous quarters. "
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tvsterling at 07:14 2009-06-04 said:
It's amazing to listen to these former Wolves of Wall St. When times are good they stride the earth like giants smashing everything & everyone in their way. Capitalism will weed out the unfit. Listen to them now yapping like puppies fighting over a teat. Which is it you want; Capitalism or Socialism? Or is it door number three, socialism for the rich, otherwise known as Fascism. PermalinkStephenF at 09:35 2009-06-04 said:
Why should these slobs be immune to dropping their prices like everybody else? Seems to me that would create some sales...Now for all those out there I understand the "business model" & "cost to produce" but it certainly seems that there are a lot of "boots on the street" doing what they have to do a/k/a cutting margins to stay alive. Welcome to the real world Mr. Hovnanian Saw a CNBC piece where Ara Hovnanian sat straight faced and implied that he did not know that these toxic mortgage programs even existed...I guess he didn't realize that it was the crazy mortgage programs that allowed for the rapid increase in sales prices...he must have been stupid enough to think it was because he builds a quality product...hmmm?? I am sick & tired of these types whining and complaining that they are losing $$$ and then pinching us for every dime... Permalinkadd a comment | go to forum thread
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