PHM Once Again Overhyped, Under-Delivered.
It appears Mr. Hoyt is engaging in hype tactics similar to the way his predecessor handled things: PHM issues a PR yesterday giving the investment community one day to prepare for the earnings release and conference call while boasting about the huge increase in top line revenue..............Today I see an income statement that indicates an EPS of less than 1 cent....You can grow top line revenue as much as you want, but profitability is the name of the game and PHM has issued so many shares over the past 1 -2 years that it looks like they are having a hard time making money on a per-share basis.......The wait continues......