And you’ve provided no evidence from other homebuilders reports that the election impacted the industry. Consider whether you’re falling into the kind of defensive rationalization thinking that we are all prone to.
you know, if it matters, I wouldn’t make this mistake in thinking that analysts or ‘big money’ know things like this - or that they make good calls. I follow NVR and a quarter ago it got downgraded on eh news and nobody liked it, and then they reported a good quarter and it got upgraded and everybody liked it. But nothing had changed, and as noted earlier, it is clear that sell-side guy at Wells is using a 6 month time horizon on his note. And he is just one Bubba Investor guy - that’s all. That doesn’t mean this or that explanation makes sense or not, but I would never ever assume that “access to information” (which is far more dubious in the world of Reg FD) means superior analysis. Many times it doesn’t. Life doesn’t work that way, and what you often see is explanations created after-the-fact (I’m good at that myself too).
Besides, if you own this stock, call them and ask. They will talk with you. You have to ask good questions, but that part isn’t hard. I wouldn’t buy them without getting their take. Course, you don’t have to do that - somebody here might have a different time horizon and feel this is unnecessary.
Enough from me on this…