Unpacking Hovnanian’s Earnings Roller Coaster
If you bought Hovnanian Enterprises per my recommendation three weeks ago, and were checking the stock price every day since (something I don’t recommend) … you might’ve had a couple of not-so-nice things to say about me on May 31. HOV stock dropped over 15% that day on the back of an earnings report that folks had a negative knee-jerk reaction to. Today, I’m happy to report the stock has fully recovered. Shares are making new highs once again and our position is up around 13% at last glance.
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