Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / LEN - Rising Rates Make Hovnanian's Debt A Concern

LEN - Rising Rates Make Hovnanian's Debt A Concern

Lennar Corporation Class A
  • On the surface, HOV seems cheap but the market has, quite correctly, not forgotten debt, management conflicts and one-time impacts.
  • 2021 earnings were inflated by a one-time asset revaluation, but even adjusted earnings with a P/E of 1.5 look unsustainable.
  • We pass on Hovnanian due to high debt levels, conflicted management and mortgage rates likely to keep rising well past 5%.
  • We prefer other homebuilders like Lennar and D.R. Horton who are better prepared for any slowdown, although be patient.

For further details see:

Rising Rates Make Hovnanian's Debt A Concern
Stock Information
Company Name: Lennar Corporation Class A
Stock Symbol: LEN
Market: NYSE
Website: lennar.com
Menu
LEN LEN Quote LEN Short LEN News LEN Articles LEN Message Board
Get LEN Alerts

News, Short Squeeze, Breakout and More Instantly...