m*****i
发帖数: 4342 | 1 真是拉稀。
For HOV,
Market Value: Around 700 million
Equity(as of last quarter): -400 million.
Gross Profit Margin: 15%
Most of their operation rely on bank's borrow and note.
For most large chinese Homebuilders(over 500 million in anual sale),
typically, over 30% gross profit margin, bank's borrowing is only 30% of
their capital structure.
Yet, HOV is one of the best performance stock this year. I still own some
share. | f******t
发帖数: 478 | 2 大牛，hov走的最好，是不是因为它一直被低估的缘故？ | z***e
发帖数: 5600 | 3 I like HOV too and owns some calls. These low quality stocks should work
well in the later stage of the housing recovery as profitability gets lifted
. Stock also has 30%+ short interest and 10%+ borrow cost which supports it
price in the recent market environment.
【在 m*****i 的大作中提到】
: 真是拉稀。
: For HOV,
: Market Value: Around 700 million
: Equity(as of last quarter): -400 million.
: Gross Profit Margin: 15%
: Most of their operation rely on bank's borrow and note.
: For most large chinese Homebuilders(over 500 million in anual sale),
: typically, over 30% gross profit margin, bank's borrowing is only 30% of
: their capital structure.
: Yet, HOV is one of the best performance stock this year. I still own some
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