QUOTE AND NEWS
Market Intelligence Center  Aug 4  Comment 
Pulte Homes Inc. (PHM) is an excellent choice for either a diagonal spread or a covered call expiring in Jan. '15 at the $17.00 level according to MarketIntelligenceCenter.com’s patented algorithms. A covered call on Pulte Homes for a net debit...
SeekingAlpha  Jul 24  Comment 
PulteGroup, Inc. (NYSE:PHM) Q2 2014 Earnings Conference Call July 24, 2014 8:30 AM ET Executives James P. Zeumer – Vice President-Investor Relations and Corporate Communications Richard J. Dugas, Jr. – Chairman, President and...
Forbes  Jul 22  Comment 
Shareholders of PulteGroup, Inc. (NYSE: PHM) looking to boost their income beyond the stock's 1% annualized dividend yield can sell the January 2016 covered call at the $27 strike and collect the premium based on the 70 cents bid, which annualizes...
CNNMoney.com  Jun 30  Comment 
That's a wrap! The first half of 2014 on Wall Street is officially in the books -- and performance was solid despite a lackluster finale on Monday.
Motley Fool  Jun 28  Comment 
While there’s something special about building your dream home, there are some things to know before you start.
Market Intelligence Center  Jun 20  Comment 
Thursday’s trading in Pulte Homes Inc. (PHM) gives options traders an opportunity for a 42.86% return. By selling the Jan. '15 $19.00 call and buying the Jan. '15 call at the $18.00 level for a net debit of $0.70, traders will book a profit as...
Market Intelligence Center  May 30  Comment 
The patented options-trade picking algorithms used by MarketIntelligenceCenter.com found a trading opportunity with Pulte Homes Inc. (PHM) that should provide a 7.77% return in just 232 days. Sell one Jan. '15 call at the $19.00 level for each 100...
Red Orbit  May 28  Comment 
National Science Foundation Scientists are making PHA (a biodegradable polymer similar to the polypropylene used in yogurt containers) from waste methane What if we could make the Great Pacific Garbage Patch just disappear? What if plastics...
Benzinga  May 9  Comment 
In a report published Friday, Morgan Stanley analyst Ricky R. Goldwasser reiterated an Overweight rating on Allscripts Healthcare Solutions (NASDAQ: MDRX), but removed the $21.00 price target. In the report, Morgan Stanley noted, “1Q14...
Market Intelligence Center  May 7  Comment 
Pulte Homes Inc. (PHM) presents a trading opportunity that offers a 7.05% return in just 255 days. A covered call on Pulte Homes at the $17.00 level expiring on Jan. '15 offers an assigned return rate of 7.05% or 10.10% annualized. This trade...




 

Pulte Homes (PHM) (NYSE:PHM) is a homebuilder. In 2009, the company sold 15,013 homes across 27 states in all regions of the country.[1] Pulte targets first-time and move-up buyers, with most of its properties being single-family detached homes. At an average home selling price of $258,000, the company offers homes that are more expensive than the national median home price of around $210,000.[1]

The company operates in a highly cyclical industry. New home construction, home prices and new home sales volume are heavily dependent upon job growth, interest rates, and the business cycle at large. Low interest rates and high job growth bode well for homebuilding, but as the recent subprime lending crisis and depressed housing market has illustrated, things can sour quickly and the business can be difficult to predict. Key homebuilding numbers, such as housing starts and existing home sales have continued to come in weak of late. Homebuilding is highly competitive and marked by few barriers to entry, low profit margins, and high financial leverage.

Since early 2006, the U.S. housing market has been unfavorably impacted by a lack of consumer confidence, tightened mortgage standards, and large supplies of resale and new home inventories and related pricing pressures. These factors have contributed to weakened demand for new homes, slower sales, and increased price discounts and sales incentives to attract homebuyers. All of these contribute negatively to PHM's revenues and net income. This could not posisbly have been more helpful!

Competition

The company competes against a highly fragmented base of other homebuilders. These companies may be national or local players and given the highly competitive nature of the industry, competition is stiff and often marked by low margins and low returns on capital. The company also competes for buyers with existing homes that have hit the market, and competes more broadly with other housing alternatives such as apartments and mobile homes.

Some of PHM's top competitors include Lennar (LEN), D.R. Horton (DHI), Centex (CTX), KB Home (KBH), HOVNANIAN ENTERPRISES (HOV), Beazer Homes USA (BZH), and Ryland Group (RYL).

Footnotes

  1. 1.0 1.1 PHM 10-K 2009 Item 1 Pg. 4
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