Trading Review for Hovnanian Enterprises Inc. issued by StockPreacher.com
The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
(EMAILWIRE.COM, October 22, 2009 ) DALLAS, Texas - StockPreacher.com announces an investment report featuring homebuilder Hovnanian Enterprises Inc. (NYSE: HOV).
The investment report on Hovnanian Enterprises Inc. (NYSE: HOV) should be of particular interest to other homebuilding companies: Comstock Homebuilding Companies Inc. (Nasdaq: CHCI), Orleans Homebuilders (AMEX: OHB), M.D.C. Holdings Inc. (NYSE: MDC) and The Ryland Group Inc. (NYSE: RYL).
The full report is available at: http://www.stockpreacher.com/n/HOV
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Hovnanian Enterprises Inc. (HOV) is one of the nation's largest homebuilders, designing, constructing, marketing and selling single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill, and active adult homes.
Message Board Search for HOV: http://www.boardcentral.com/boards/HOV
In the report, the analyst notes:
“HOV also focuses on maximizing liquidity and reducing debt levels. According to CFO J. Larry Sorsby, the Company successfully reduced debt by an additional $119 million during the third quarter through debt tender offers. At July 31, 2009, HOV's cash position was $545.6 million, reflecting the $81 million used for the debt tender offers and $100 million used to pay off the balance on the Company's revolving credit facility, according to Sorsby.”
“On October 20, HOV announced the closing of $785 million senior secured notes offering, as well as the expiration and final results of cash tender offers and related consent solicitations for its senior secured and unsecured notes. Early this month, HOV announced its plan to sell up to $775 million of seven-year notes in order to fund its previously reported tender offer for up to $759.3 million in debt."
StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com
StockPreacher.com Disclosure
StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly-owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.
The investment report on Hovnanian Enterprises Inc. (NYSE: HOV) should be of particular interest to other homebuilding companies: Comstock Homebuilding Companies Inc. (Nasdaq: CHCI), Orleans Homebuilders (AMEX: OHB), M.D.C. Holdings Inc. (NYSE: MDC) and The Ryland Group Inc. (NYSE: RYL).
The full report is available at: http://www.stockpreacher.com/n/HOV
Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/StockPreacher
Hovnanian Enterprises Inc. (HOV) is one of the nation's largest homebuilders, designing, constructing, marketing and selling single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill, and active adult homes.
Message Board Search for HOV: http://www.boardcentral.com/boards/HOV
In the report, the analyst notes:
“HOV also focuses on maximizing liquidity and reducing debt levels. According to CFO J. Larry Sorsby, the Company successfully reduced debt by an additional $119 million during the third quarter through debt tender offers. At July 31, 2009, HOV's cash position was $545.6 million, reflecting the $81 million used for the debt tender offers and $100 million used to pay off the balance on the Company's revolving credit facility, according to Sorsby.”
“On October 20, HOV announced the closing of $785 million senior secured notes offering, as well as the expiration and final results of cash tender offers and related consent solicitations for its senior secured and unsecured notes. Early this month, HOV announced its plan to sell up to $775 million of seven-year notes in order to fund its previously reported tender offer for up to $759.3 million in debt."
StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com
StockPreacher.com Disclosure
StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly-owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.
Contact Information:
StockPreacher
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
StockPreacher
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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