Brookfield Homes Corp. (BHS)
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BHS Forum Topics
- All Comments on BHS
- General Discussion on BHS
- Ranking Homebuilders by Discount to Book Value [view article]
- Small Homebuilders: A Bargain vs. Book Value [view article]
- NYSE Stocks with the Highest Short Interest as a % of Float [view article]
- NYSE Short Interest Hits Another Record High [view article]
- If a Homebuilder Fails, Will It Destabilize 'Recovery'? - Housing Tracker [view article]
- Moody's: Homebuilders at the Mercy of Their Banks [view article]
- Homebuilders: Climbing The Walls of Worry [view article]
- Brookfield Homes Q3 2007 Earnings Call Transcript [view article]
- Real Estate: We'll See Blood in the Street Before This Bubble Bursts [view article]
- The True Story on Housing [view article]
- The Real Reason to Avoid Homebuilders [view article]
loading ...Recent BHS Articles
- NYSE Stocks with the Highest Short Interest as a % of Float
- Ranking Homebuilders by Discount to Book Value
- Small Homebuilders: A Bargain vs. Book Value
- NYSE Short Interest Hits Another Record High
- If a Homebuilder Fails, Will It Destabilize 'Recovery'? - Housing Tracker
- Moody's: Homebuilders at the Mercy of Their Banks
- Housing Market Tracker - Homebuilder Consolidation Continues
- Housing Market Tracker - Homebuilder Outlook
- Top Short Squeeze Bounce Candidates on the NYSE
- Housing Market Tracker - Housing Stocks Review
- Full List of Articles »
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Ranking Homebuilders by Discount to Book Value [view article]
i believe bhs will hold steady and rise because of their holdings and intelligence of management ReplyRanking Homebuilders by Discount to Book Value [view article]
bhs will hold steady then rise because of their holdings and intelligent managmentReply
Ranking Homebuilders by Discount to Book Value [view article]
Hi User 137327,PHM is included in this chart here, with the same info: barelkarsan.blogspot.c... Reply
Small Homebuilders: A Bargain vs. Book Value [view article]
CHCI does not have real estate in Florida. You better check your facts. They are mostly around Washington, DC with smaller holdings in Atlanta and Charlotte. ReplyNYSE Stocks with the Highest Short Interest as a % of Float [view article]
The first chart with the # of total shares shorted is a tad misleading since it does not account for stock splits, IPOs, secondary offerings, and takeovers. It needs to be laid out against a chart with the total # of shares outstanding to be accurate. ReplyNYSE Stocks with the Highest Short Interest as a % of Float [view article]
What about Indymac Bank? ReplyNYSE Stocks with the Highest Short Interest as a % of Float [view article]
Of more interest is the lower part of the listThis upper part just shows an established matured condition
Investors/risk takers are more interested in unstable conditions.
So show the bottom part of the list
Reply
NYSE Stocks with the Highest Short Interest as a % of Float [view article]
I thought the shorts were the pros in this game. Where are the financials that collapsed last week? The "experts" are all shorting the obvious, consumer discretionary companies that are an "automatic" loser in a recessionary climate. Talk about the herd instinct. It appears to equally prevalent among the pros as it is the sheeple. ReplySmall Homebuilders: A Bargain vs. Book Value [view article]
Your presumption that "there is a margin of safety to cover any write downs" is rather understated in importance and your thesis. Just two examples:<CHCI> is holding inventory that currently can't be sold. The Florida economy is over-speculated and suffers one of the highest property tax rates in the USA. Literally, people are selling homes for taxes now. So, if Comstock can't sell their FL inventory, they can't make their bank payments (swing loans) acquired for build-out. If they can't make their bank payments, they'll foreclose and we've reached endgame for the company, or "reorganization&q... (a polite corporate word for bankruptcy). In that instance the stock's market value equals nil or zero.
Similarly, <CALC> has most of their inventory in Riverside County, a disaster of double digit home price deflation. The market had previously heated up as the working class employed decided to commute several hours daily to their jobs in Los Angeles from their "affordable" home in Riverside, where they could get more space for their family than in LA for less money. Problem: gas prices + labor cuts + over-speculation = dramatic price falls for Riverside. As such California Coastal has gross inventory that can't be sold. A small portion of <CALC> inventory is on Huntington Beach. Great?! Well, now that prices have dropped, <CALC> won't be able to afford to build-out and sell the few remaining lots they're holding. Even if they could, it wouldn't be enough to balance their books. Maybe Coastal will have another huge stock dilution to cover their red ink. Maybe they'll just squeak by for at least two - three years, that will be required before real estate prices bottom.
But before then, both of these companies are extremely high risk buys. Reply
Ranking Homebuilders by Discount to Book Value [view article]
Anyone suggesting that home builders might be a buy is probably expecting the second half turn around in the economy and real estate to start in two weeks. Oh wait, the second half does start in two weeks.To speak this way in January was one thing, but to still think at the end of June that we are headed for a strong second half in the economy and a stable second half in home builders is just nuts.
BZH ran from $5 to $12 from Jan to May, MTH from $8 to $24 in the same period. Where are they now? Wanting to buy into these beasts now is repeating the same mistakes. 2010 is when housing might bottom.
MTH and PHM have had nice little runs over the past few days and should be topping out soon in my opinion, next stop...new lows. Reply
Ranking Homebuilders by Discount to Book Value [view article]
I would have liked to see PHM in the chartReply
Ranking Homebuilders by Discount to Book Value [view article]
Or regarding the builders who are trading close to or above book value, it could be that a lot of 'investors' don't know what a value trap is, or could not recognize one if they did. ReplyUpsomgrubb
Small Homebuilders: A Bargain vs. Book Value [view article]
BHS, back around November of 2005, had a tender offer for their shares at $55. At that time and currently, BHS was a subsidiary of Canadian conglomerate Brascan, now known as Brookfield Asset Management (BAM). Brascan tendered 10 million of their own shares of BHS, so I tendered all of mine. The stock has tanked since thenGuess who has been buying back the shares on the cheap since then? I wouldn't go near that stock. Foreclosures were just up 48% over last year. The top three states were California, Nevada and Florida. BHS operates in two main areas- California and the Washington, D. C. area. They only have 10 million in cash and 800 million in debt. The recession is yet to come ReplyNYSE Short Interest Hits Another Record High [view article]
Can anyone quantify the effect on the short interest figure of the 130/30 funds ? Replyspeculator
NYSE Short Interest Hits Another Record High [view article]
The US is in recession. The market is going to start going down. I went short with the money I manage a month ago. read about it at theinvestingspeculator... Reply