Home Boy

Profiting from Hovnanian - Even in Case of Bankruptcy

If what I hear about management is true, then they could be another victim to this Mortgage/Credit/Home crisis. Not only will they have units coming back to market in foreclosures and defaults, they will have to contend with the continuing credit crisis which is far from over and lenders who continue to have strict requirements to fund loans these days. I would stay clear of HOV and other builders right now as they still might have more to clear out.