Thursday, August 12, 2010

Pulte stock

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Stock analysts say that "despite being the largest homebuilder in the U.S. with operations in more than 50 markets, Pulte Group suffers from high cyclicality in the industry. The company also faces intense competition from the resale of existing or foreclosed homes, as well as available rental housing. Furthermore, the sub-prime mortgage crisis continues to adversely affect its sales and pricing in the homebuilding business."


Stock analysts have it wrong. The reason that Pulte stock has fallen from $45/share to less than $10/share in the last 5 years is because of its poor product. Google "Pulte shoddy" and see for yourself.

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