Not sure if my thoughts on this are worth anything, but here they are anyway:
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I’m disappointed not to see a number than reflects the strong sales they mentioned in January. It would have been nice to see 300ish. That said, this is February, so that may be an unrealistic target.
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I’m struck by the fact that 275 closings (to pluck a number from thin air) would have been very encouraging. So 224 (49 fewer houses) can’t really be THAT damning, can it? 49 houses, for a company that plans to close 4700 this year, is nothing.
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It may also be irrational to worry about closings in the winter months. That’s not when most people buy houses.
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I’m still scared to go buy more, even at a likely 5-10% discount. But the more I think, the more I feel like I should buy anyway.
Bear
PS It really would be nice if they’d give a little more detail on the “Strong sales” they’ve alluded to 2 months in a row now. Anybody feel like trying to contact Investor Relations?